French and Italian Commercial Exemption / 70 % rule live Monitoring
Prorata charters VAT calculation (on time spent in EU waters only)
LogNav is an exclusive web application which was conceived to facilitate the monitoring and management of Commercial yachts, in regard to some of their most demanding tax and fiscal obligations.
Indeed, in the last few years, in the West Mediterranean waters, the background related to the Commercial Exemption status of a vessel and other tax matters have become complex to supervise, in many aspects.
LogNav comes into play, allowing Yacht captains, managers, brokers and fiscal representatives to rely on an automated, dynamic and reliable digital tool, reducing their human intervention to the very minimum and offering them the maximal benefits.Get Started!
As a commercial yacht willing to operate with the tax exemption scheme in France and Italy, you are aware of the required criteria and what it implies in terms of tracking and supervision work.
Let us remind you the 5 criteria to respect, allowing you to create and sign the Commercial Activity Certificates:
The time of navigation spent outside of EU waters should not be subject to the payment of any VAT by a charterer. From now on, you will be able to offer the possibility to your charter guests to pay ONLY the righteous amount due, in terms of VAT on the charter fee, when starting in France and Italy. LogNav calculates, in real-time, the prorata due VAT on charters (on time spent in EU waters only)
What the LogNav system does for the user:
if you need more information regarding LogNav or its features please contact us