Croatia EU Accession Affects VAT Regime

Following Croatia's accession into the EU July 1 2013, The Yacht Attorney reports that these tax policies for yachts are in effect:

In Croatia, the temporary import and use of boats is allowed for a period of 18 months and duty free. In exceptional cases where the marina is registered as a customs warehouse of type E, the period is extended to 24 months. Beyond this time frame, there will be a fictive import adopted by customs regulations by the result of the compulsory taxation:

Owner will be taxed by 25% VAT tax in July 2013 and would have to pay as well an additional customs duty of 8% for a yacht that was not previously placed on the EU market (building outside the EU).

But we can offer creative flat tax solutions even after July 1st 2013!

To learn more about working with The Yacht Attorney, please contact them directly.