The tax advantage of rental yachts falls apart

The Federation of Nautical Industries fears that the almost doubling of the cost of fuel will keep these yachts away from national ports.

It growls on the pontoons. As of October 1, yachts will no longer benefit from the tax moratorium which, for three years, has exempted them from taxes on fuel for their trips in the Mediterranean from a French port. Since 2013, the European Union has required that the rental of yachts no longer benefit from the tax exemption granted to merchant ships. The Federation of Nautical Industries (FIN) fears that the almost doubling of the cost of fuel will keep these yachts away from national ports. Indeed, the taxation of the countries of departure of the cruises applying, these yachts risk leaving countries with more favorable taxation, thus endangering in France some 20,000 jobs linked to the refueling of boats. The END thinks it has found the solution. She suggests that the taxation of these charter yachts be the same as that of cruise ships. “By adopting this tax regime, we fall back into the international exemption regime”, indicates Frédéric Verrons, administrator of the FIN. In this case, the customer would no longer charter a vessel with crew but would purchase “a provision of services for consideration carried out by means of a vessel”, to use the terms of the European directive. Such a service, in the context of tourism, in fact comes under the profession of travel agent. And the exemption regime is applicable if the cruise is international. All of this assumes, of course, FIN says, that yacht charterers are prepared to become travel agents.