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Withholding Tax impacts charter and management companies in France

SuperyachtNews – 21 Oct 2016

The French fiscal authorities now require charter and management companies to pay a 33 per cent Withholding Tax on all funds transferred from French businesses to companies found in fiscally non-cooperative nations.

In consideration of Article 182 of the French tax code, French fiscal authorities now require that superyacht charter and management companies pay a 33 per cent Withholding Tax on all funds transferred from French businesses to companies found in fiscally non-cooperative nations.

“Those countries that the French authorities consider to be non-cooperative include: British Virgin Islands (BVIs), Marshall Islands, Isle of Man and a number of the other nations frequently used by superyacht owners for corporate services,” starts Thierry Voisin, president of the European Council for Professional Yachting.

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Withholding Tax impacts charter and management companies in France

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