
03-01-2007
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Larus Marinus
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Join Date: Jan 2007
Location: Brussels
Posts: 1,750
Rep Power: 6
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Quote:
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Originally Posted by Valiente
I notice how prominently the phrase "Value Added Tax Paid" appears in European boat ads.
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It applies to all EU countries. If I were to buy a boat in the USA and import it, I would get both import duty and VAT added. If it didn't have a recreational craft directive certificate thingy, I would have to pay for all the tests too (unless the boat was older than the directive). If I had been living in the USA and moved back to Europe, I might get away with the yacht being part of my personal possessions. (Owned it some time and not allowed to sell it for a couple of years in the EU, just like a car.) However, any buyer would want proof that import duty and VAT had been paid in some way, but that would be less on an older boat.
I think there are fairly similar rules if a US resident bought and imported a boat from Europe.
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