Since the Maltese VAT Department issued its guidelines on the Malta Super Yacht VAT Registration Programme, Malta has become an attractive jurisdiction for yacht owners or those thinking of purchasing a super yacht. The VAT department in Malta established that it is very difficult to track the movements of pleasure yachts and especially difficult to track the amount of time the super yacht spends in EU waters and outside EU waters. As a result of this the Malta Super Yacht VAT Registration Programme establishes an estimated percentage of time the yacht spends in EU waters and this is based on a number of factors such as the length of the yacht and the means of propulsion. By classifying the yacht this way the Maltese VAT department has Read more