DYS as an Authorized Economic Operator (AEO) is allowed by customs under certain conditions to offer tax exemption to yachts on temporary admission (“in transit”).
Definition of a vessel under Temporary Admission: Vessels being in the territory for a maximum period of 18 months (entry and exit clearances being the proof).
Flags eligible for duty/VAT free procedures: European flags (excluding France), non-EU flags.
Duty/VAT free procedure allows:
A. To have all repair, conversion and maintenance work carried out excluding VAT on all parts and labor
B. To import all materials excluding Duties and VAT
For further details: