RRG Categorie: Taxation

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  • Singapore – Taxation

    7% GST applies

  • Germany – Taxation

    VAT on new boats (and all other products) 19% in force since 1 Jan 2007. Sales between private persons on used boats are VAT-free. If a dealer is involved the difference between purchase and selling price has to be charged at 19% VAT.

  • Spain – Taxation

    VAT 16% of the price on all boats and goods. If the boat purchased is pre-owned, this percentage is not applicable. Instead, a 4 % of the paid price will have to be paid for Property Transfer Tax. More than 8m in length pay the 12% at registration plus VAT. Exemption for boats under 15 meters in length and which are dedicated to charter exclusively, rowboats, or classified as Olympic sailing boats.

  • Finland – Taxation

    VAT at 24% on all new goods and services except utility boats > 10m in length, where no VAT applicable.

  • Turkey – Taxation

    8% consumer tax + 18% VAT totaling 27.4% apply for all craft to be registered under Turkish Flag. But all Turkish citizens are allowed to own a boat registered with a flag state and keep the boat in Turkish waters for five years. Nearly all prefer to have their boat registered in Delaware-USA and pay no tax at all.

  • Netherlands – Taxation

    21.0% VAT in force.

  • Canada – Taxation

    Five percent Goods and Services Tax in force. In addition there are provincial sales taxes of varying rates (6-8%) in effect in all provinces except Alberta which has no provincial sales tax.

  • South Africa – Taxation

    In February 2012 the Department of Finance announced an Ad Valorem tax of 10% on vessels over 10m manufactured for local use and on new and used imported vessels, effective 1 October 2012. This tax has been deferred indefinitely by the South African Revenue Service.

  • Japan – Taxation

    A 8% consumption tax is imposed on every product.

  • Australia – Taxation

    10% Goods and Services Tax. Levy charges in most states to provide for boating infrastructure improvements: 5-year plans for investment of funds being developed in most states.