Cyprus Yacht Leasing Scheme – An appealing VAT regime

Whilst Cyprus has long been considered as a primary jurisdiction for registration of yachts in Europe, the amendment of the Cyprus Yacht Leasing Scheme (the “Scheme”) as this has been effected with the issuance by the Cyprus Tax Department of Circular 188 on 11th September 2014 is making Cyprus’ yacht Scheme being described as one […]

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