Until the 31st of December 2022, the VAT rate on yachts that are of an overall length that is greater than 24 meters (based on their Certificate of Registry) or the LOA is below 24 m. but the vessel has registered crew (it is not bare boat), will be 13%.
The reduction from the normal 24% is due to the pandemic.
Specifically:
1) For charters up to 2-3 days, the VAT is fixed at 13%
2) For yachts in possession of a "Protocol of General Inspection of Small Passenger Ship" for international cruises, a discount of 60% applies with the final VAT rate being 5,2%.
3) For yachts in possession of a "Protocol of General Inspection of Small Passenger Ship" for Greek waters cruises, a discount of 50% applies with the final VAT rate being 6,5%.