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Cyprus > Legal Developments > Law firm and leading lawyer rankings

Editorial

YACHT SCHEME FOR CYPRUS COMPANIES WITH SIGNIFICANTLY REDUCED VAT UP TO 80%

March 2012 - Transport. Legal Developments by Stelios Americanos & Co.

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As per the previous VAT regulations in Cyprus yacht purchase and yacht leasing was subject to full rate of VAT at 17%. A lot of questions were raised justifiably when the yacht was not actually used within Cyprus and EU territorial waters.

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