SUSPENSION OF THE ADDITIONAL DUTY INCREASE ON US BUILT YACHTS
Jun. 3, 2021 | Customs & Tax - Blog - Commercial vessels and specific schemes -
By a regulation issued by the European Commission on 28 May 2021, the expected increase of additional duties on US built yachts has been suspended.
On 1 June 2021, the additional duties on US built yachts were supposed to reach 50% instead of the current 25%.
However, despite this new regulation, the 25% duty on US built yachts remains enforced until further notice.
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