Did you know that from May 30, 2019, the Greek Value Added Tax code was cancelled for leisure vessel and yachting rental businesses? The only criteria is to show that such a holiday rental is to be on an “effective use and enjoyment basis”.
According the gazetted law, (article 49, L. 4607/2019) if you rent a pleasure craft/yacht for less than 90 days to be used outside Greece’s waters and therefore outside the EU (for example – sailing from Greece to Turkey waters) then such a rental would be VAT exempt.
Greece has been told by the EU Commission to bring this tax collection niche for pleasure craft and yacht rentals into line with other EU countries.
Well, that’s great! I am an enthusiastic yachtsman and I am pleased with such news. I didn’t have a chance to rent yachts in Greece because I live in the USA and it’s easier for me to contact miami boat rental. I sailed on a yacht rented from them in the open ocean with a company of the same lovers of sailing as me. And it was a great trip! Only a vacation on a yacht can give so many unforgettable impressions and amazing emotions. Therefore, I strongly advise anyone who has not tried to rent a yacht for at least a couple of hours to do so.