Benefits
VAT Exemption for Tourist Vessels Used for Hire and Connected Operations
According to the current guidelines of the Revenue Agency, the fact of registering vessels used for hire to tourists in the International Register should definitively confirm their nature as vessels destined for business use. As a result, any connected operations are exempt from VAT:
- Sale of ships destined for business activities
- Sale of engines, components and spare parts
- Sale of goods destined to form part of on-board equipment
- Goods destined for supplies and provisions
- Services relevant to maintenance, repairs, alteration of fittings and furnishings as a whole
- Rental and hire
- Services relevant to demolition
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