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Question about VAT & the Canary Islands

922 views 3 replies 2 participants last post by  Kemp 
#1 ·
Hello all,

Please help me with the following question. I consider buying a boat, which is currently in Maroc. It is owned by Cayman Islands IBC and registered there, VAT is not payed. We would like to sail to the Canary Islands and stay there for some time. We are EU residents. The Canary Islands are outside the EC fiscal (VAT) area: “This Directive shall not apply to the following territories forming part of the customs territory of the Community: (a) Mount Athos; (b) the Canary Islands; (c) the French overseas departments; (d) the Åland Islands; (e) the Channel Islands.” (link: eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:32006L0112)

So could it be any questions/problems in the Canary Islands regarding boat's VAT status?

Thanks.
 
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