VAT law for commercial yachts in Greece

A recent change in VAT regulations in Greece has given rise to a lot of speculation and some misleading articles which are causing more confusion than necessary.

The best analysis we have of the new law, as we understand it at the moment is that of ECPY below.  This has been approved by legal advisors as factually correct.

By the summer we anticipate that a mechanism will be in place for the payment of VAT for visiting yachts who do not have a charter license.

If you need any further information on the VAT situation please contact us at legal@a1yachting.com