In Europe, VAT rates on yacht charters vary across countries. In France, the standard rate is 20%, Italy charges 22% VAT. Spain applies a full 21% VAT with no reductions, while in Greece, the rate is 24%, though it can be reduced to 12% for charters leaving Greek territorial waters for more than 24 hours. Croatia has a 13% VAT, and Malta charges 18%, with reductions potentially lowering the effective rate to 5.4% for charters outside the EU. Cyprus imposes 19% VAT, which may be reduced to around 9% if time is spent outside EU waters. If you want to save some money go to Montenegro! There is no VAT applicable in Montenegro.