A new announcement of a ‘Drop in Tahiti’s Charter Tax’ news is reported from French Polynesia by Etienne Boutin, heading up Asia Pacific Superyachts Tahiti.
“I would like to report that Tahiti charter tax has just dropped to 5% of gross revenues (previous rate was 12%)”, announced Etienne Boutin of Asia Pacific Superyachts Tahiti.
“We hope this change will help more guests decide on our islands as their next charter destination and enjoy the French Polynesia preserved marine environment and fun land based activities. This drop of the charter tax, combined with the recent extension of yacht’s allowed ‘Duty Free Stay’ to 36 months, is also a great opportunity for yacht owners in the Asia Pacific region and further afield to base their yacht in Tahiti”, the agent explains.
French Polynesia charter regulation was first put in place in 1995 and it was simplified in 2004. One hundred large yachts have applied for a license since then. The license is granted to yachts with a value exceeding 1 million USD, with a charter rate over USD 15,500 and minimum crew of three.
SuperYacht Times - The State of Yachting 2020
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