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Travel and hospitality

New VAT rules to hit yacht charter business in the Mediterranean

March 12, 2020

French Riviera: St Jean Cap Ferrat and Villefranche. Image credit: Yotha French Riviera: St Jean Cap Ferrat and Villefranche. Image credit: Yotha

 

By Luxury Daily News Service

This year’s Mediterranean charters will face some radical VAT changes as a result of the European Commission’s action against the simplified VAT structures on short-term yacht charter adopted by countries such as Italy, France, Malta and Cyprus.

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