An app to simplify VAT management in yachting
For the 2024 season, EASYTAX INTERNATIONAL is pleased to offer yachting professionals an app that monitors the eligibility of vessels for VAT exemptions, and ensures real-time tracking of the 70% ratios for French and Italian Commercial Exemptions.
The importance of tracking for yacht tax compliance
Yachting professionals know that rigorous itinerary tracking is required to calculate applicable VAT reductions based on time spent outside territorial waters, and to benefit from certain VAT exemptions in France, Monaco, and Italy.
Until now, for yachts to fully comply and benefit from these tax advantages, captains had to send a logbook to yacht managers and/or their tax representative to perform the necessary calculations and reporting. This process is tedious, time-consuming, and requires constant attention to avoid errors.
Features & benefits of EASYTAX YACHT TRACKING
- Itinerary tracking is simplified by automated AIS tracking, requiring only the yacht’s MMSI number.
- The application allows the management of charters as well as transport contracts.
- EASYTAX YACHT TRACKING provides real-time tracking of the 70% ratios necessary for VAT exemptions in France (FCE) and Italy (ICE).
- The app automatically provides the annual FCE & ICE report required for French and Italian tax authorities.
- The app also calculates VAT reductions on charters based on time spent outside territorial waters.
- Charter documentation is accessible at all times, in a perfectly secure manner.
Available on desktop and mobile, the web application reduces the administrative burden on captains, facilitates collaboration between captains and yacht managers, and secures the operations of their tax representative.
Smooth sailing with EASYTAX INTERNATIONAL, the VAT expert for yachting professionals
EASYTAX INTERNATIONAL is a VAT tax representative dedicated to the yachting sector. Our team of experts assists yachting professionals in Monaco, France, Italy, and across the Mediterranean:
- Regulatory assistance on all your VAT and customs issues
- VAT fiscal representation:
- VAT identification in all EU countries, and beyond
- Comprehensive VAT management on charter and transport contracts
- Automated tracking by EASYTAX YACHT TRACKING.
- VAT and yachting trainings with MATHEZ FORMATION
Service-oriented, attention to detail: we guarantee full compliance for your yachts and tailored assistance to meet your specific needs.
