As a moveable asset, whether you have to pay VAT – Value Added Tax – can be complex. Generally speaking, whether you have to pay VAT will depend on the country the owner is acquiring the yacht from and their country of residence. The VAT may also depend on the intended use of the vessel. Every country has different VAT rules and regulations. It is always a good idea to consult with a local tax professional with expert knowledge of the yachting industry to mitigate any potential tax liabilities.