Cyprus Yacht VAT Calculator

The VAT rates may be summarised in the table below:

Sailing Yachts

Type of yacht (Sailing) % of lease subject to VAT Effective rate of VAT (Cyprus)
Sailing boats over 24 metres in length – online calculator * 20% Cyprus 20% of consideration x 19% = 3.8%
Sailing boats between 20.01 to 24 metres in length –  online calculator * 30% Cyprus 30% of consideration x 19% = 5.7%
Sailing boats between 10.01 to 20 metres in length – online calculator * 50% Cyprus 50% of consideration x 19% = 9.5%
Sailing boats up to 10 metres in length – online calculator * 60% Cyprus 60% of consideration x 19% = 11.4%
Craft permitted to sail in protected waters only – online calculator * 100% Cyprus 100% of consideration x 19% = 19%

* Note: Please allow a few seconds for the online calculator to load

Motor Yachts

Type of yacht (Motor) % of lease subject to VAT Effective rate of VAT (Cyprus)
Motor boats over 24 metres in length – online calculator * 20% Cyprus 20% of consideration x 19% = 3.8%
Motor boats between 14.01 to 24 metres in length – online calculator * 30% Cyprus 30% of consideration x 19% = 5.7%
Motor boats between 8.01 to 14 metres in length – online calculator * 50% Cyprus 50% of consideration x 19% = 9.5%
Motor boats up to 8 metres in length – online calculator * 60% Cyprus 60% of consideration x 19% = 11.4%
Craft permitted to sail in protected waters only – online calculator * 100% Cyprus 100% of consideration x 19% = 19%

*Note: Please allow a few seconds for the online calculator to load

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Contact one of our officers to initiate the incorporation of a Cyprus registered company and start reaping the full benefits of an onshore, low-tax, EU jurisdiction. Simply fill in the contact box below or contact us by email on enquiries@fbscyprus.com

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