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Cyprus VAT Private Yacht Leasing Regime

Cyprus VAT Private Yacht Leasing Regime

Cyprus has been running a private yacht regime since March 2012 aiming at relieving the VAT burden on the purchase of yachts intended to be used mainly and exclusively for private purposes.

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Board Member, Indirect Tax Services

KPMG in Cyprus

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In 2015 the Cypriot Tax Authorities issued new guidelines, amending the originally introduced Regime,making Cyprus one of the most attractive jurisdictions for yacht registration in the EU. On the basis of the new guidelines, the effective Tax rate is reduced to as low as 3,05%.

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