VAT Directive A 1018/2020

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On May 30/5/2020 a New Directive has been entered in force and Postpones the application of Directive A.1018/2020 . According to this directive (Article 7 paragraph 5) all Commercial Yachts of Foreign Flag which have no Greek Charter License were obliged to pay VAT 24% on the part of the charter performed in Greece . 

With the Same Directive the VAT on Charters for the Greek Flag Yachts or Foreign Commercial Yachts officially licensed in Greece remains 12%