{"id":19254,"date":"2024-09-23T09:52:11","date_gmt":"2024-09-23T07:52:11","guid":{"rendered":"https:\/\/www.easytax-international.com\/?p=19254"},"modified":"2024-09-23T10:33:14","modified_gmt":"2024-09-23T08:33:14","slug":"customs-obligations-yachts-leaving-med","status":"publish","type":"post","link":"https:\/\/www.easytax-international.com\/en\/blog\/news\/customs-obligations-yachts-leaving-med\/","title":{"rendered":"Yachts leaving the Med at the end of the season: A guide to your customs obligations"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"19254\" class=\"elementor elementor-19254\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-ceb562a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ceb562a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8ef9cc0\" data-id=\"8ef9cc0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-46ec23a elementor-widget elementor-widget-text-editor\" data-id=\"46ec23a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 23-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h2>Exporting Yachts Outside the EU: A Comprehensive Guide<\/h2>\n<p>Exporting yachts to non-EU destinations involves several critical steps to ensure <b>compliance <\/b>with European Union (EU) regulations. Whether you&#8217;re sending a commercial FCE compliant yacht to the Caribbean for the winter season or managing the export of a yacht with VAT paid or VAT accounted status, understanding these procedures is essential to ensure compliance and<b> avoid any potential VAT risk<\/b>.<\/p>\n<p>This guide provides an <b>in-depth look<\/b> at the <b>key aspects of yacht exportation<\/b> from France and Monaco, including also VAT considerations and the Returned Goods Relief Regime.<\/p>\n<p><\/p>\n<h2>Exporting Commercial Yachts Flying a Non-EU Flag<\/h2>\n<p>For commercial yachts flying a non-EU flag, such as those bound for the Caribbean, the exportation process involves specific documentation and procedures:<\/p>\n<h3>A.&nbsp;&nbsp; Export SAD Document<\/h3>\n<p>The <b>Single Administrative Document <\/b>(SAD) is a crucial part of the export process. Before the yacht departs the EU, the SAD document must be issued. This document is used as a c<b>ustoms declaration<\/b>. It contains details of the yacht, its destination and other information.<\/p>\n<h3>B.&nbsp;&nbsp; Proof of Arrival and ECS Exit Status<\/h3>\n<p>Once the yacht has left the EU and arrived at the non-EU port, you must provide proof of arrival to finalize the export SAD. This step is crucial to <b>complete the export process<\/b> and achieve the<b> ECS (Export Control System) Exit Status<\/b> confirming that the yacht has officially exited the EU customs territory.<\/p>\n<h2>Exporting EU Goods with VAT paid or accounted for VAT status<\/h2>\n<p>For yachts classified as EU goods where VAT has been paid or accounted for, compliance with the <b>Returned Goods Relief Scheme<\/b> is essential to <b>maintain VAT status and avoid potential VAT risk<\/b> on re-importation. <b>The risk is very high<\/b>, because in the event of an inspection the customs authorities could<b> request VAT on the price <\/b>of the vessel.<\/p>\n<p><\/p>\n<h3>Returned Goods Relief Regime<\/h3>\n<p>The <b>Returned Goods Relief Regime <\/b>allows EU goods, including yachts, to be exported and then re-imported into the EU without incurring additional VAT, provided that certain conditions are met. To qualify, the <b>yacht must be exported<\/b> before departure and re-imported upon its return within three years to maintain its EU VAT paid \/ VAT accounted for status. Bear in mind that the<b> yacht must be returned to the EU in the same condition.<\/b><\/p>\n<p><\/p>\n<h3>Conclusion<\/h3>\n<p>Exporting yachts to non-EU destinations involves <b>careful management of customs<\/b> procedures and documentation. For commercial yachts flying non-EU flags, <b>issuing the SAD document and providing proof of arrival<\/b> are crucial steps to complete the export process. For EU yachts with VAT paid or accounted for status, adhering to the <b>Returned Goods Relief Regime<\/b> is essential to preserve VAT status and facilitate re-importation. By understanding and following these procedures, you can ensure a seamless and compliant exportation and reimportation.<\/p>\n<p>Feel free to<a href=\"https:\/\/www.easytax-international.com\/en\/contact\/\"> contact our team<\/a> for assistance with the process and to ensure compliance.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The 2024 season in the Mediterranean is over and some vessels are preparing to leave the EU for non-EU destinations. Please note that these voyages to non-EU destinations are subject to customs obligations.<\/p>\n","protected":false},"author":5,"featured_media":19258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-19254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vat-yachting-news"],"_links":{"self":[{"href":"https:\/\/www.easytax-international.com\/en\/wp-json\/wp\/v2\/posts\/19254"}],"collection":[{"href":"https:\/\/www.easytax-international.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.easytax-international.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.easytax-international.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.easytax-international.com\/en\/wp-json\/wp\/v2\/comments?post=19254"}],"version-history":[{"count":10,"href":"https:\/\/www.easytax-international.com\/en\/wp-json\/wp\/v2\/posts\/19254\/revisions"}],"predecessor-version":[{"id":19266,"href":"https:\/\/www.easytax-international.com\/en\/wp-json\/wp\/v2\/posts\/19254\/revisions\/19266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.easytax-international.com\/en\/wp-json\/wp\/v2\/media\/19258"}],"wp:attachment":[{"href":"https:\/\/www.easytax-international.com\/en\/wp-json\/wp\/v2\/media?parent=19254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.easytax-international.com\/en\/wp-json\/wp\/v2\/categories?post=19254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.easytax-international.com\/en\/wp-json\/wp\/v2\/tags?post=19254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}