Quaynote is delighted to introduce Understanding Superyacht & Business Jet Tax, the one-day international event in Brussels, Belgium on Tuesday, 17th October, 2023. The conference seeks to demystify complex rules, ownership structures, VAT – and much more – across multiple jurisdictions.
Presented by leading tax and customs specialists, Understanding Superyacht & Business Jet Tax is timed to coincide with the launch of 2 new groups set to influence regulators – the Superyachts & Business Aviation VAT Think Tank and an EU group of business aviation experts lead by the EBAA. What`s more, the conference`s location in the heart of EU policy-making will create the ideal platform for discussion of tax matters between regulators and the superyacht / business aviation industries.
Targeting charter & sales brokers, charterers, tax advisors, corporate service providers, lawyers, family offices and policy-makers, Understanding Superyacht & Business Jet Tax is produced by Quaynote Communications, event management, PR and marketing specialists in the yacht and private jet industries for 18 years.
Our speakers will shed light on some of the thorniest tax issues that anyone involved in owning, chartering, operating or managing a superyacht or business jet needs to grapple with. Key topics to be covered at the conference include:
*The EU Customs Code & VAT Directive: How it is implemented into national legislation
*Brexit: Current UK customs and VAT regulations
*Inward processing relief: EU vs UK new opportunities
*Commercial, private, corporate?: the best structure for your yacht or jet
* EU, US and non-EU Europe: VAT, charters, transactions and more across the jurisdictions
* Temporary Admission, Import options, Stamp duties, transfer tax, withholding tax, cross-border claims, FCE, ICE, etc.
Officially supported by both our Gold co-sponsors, Tax Marine and Richemont Delviso, Understanding Superyacht & Business Jet Tax will provide an influential, networking platform for all industry professionals concerned with understanding and improving international tax regimes.
Refreshments and Registration
Session One: Welcome to the conference 09.00
Conference organiser`s opening remarks
Session One: Welcome to the conference 09.05
Conference Chairman`s introduction to the conference
Introducing the Superyacht & Aviation VAT Think Tank
Session Two: Brexit & the UK 09.45
Brexit: Current UK customs and VAT regulations
Inward processing relief – EU vs UK new opportunities
Questions & Discussion
Session Three: Commercial, private, corporate? 11.45
Panel: What is the best model for your yacht or jet?
*VAT on business aircrafts operations: corporate vs commercial.
*VAT: commercial vs private owning structures.
*The role of AOCs
Panelists to include:
Capt.Andrija Šimić, Simmor Marine
Alex Chumillas, Tax Marine & Aviation Spain SL
Session Four: Tax and the EU 12.35
Presentation: The EU Customs Code & VAT Directive
*How it is implemented into national legislation
*The changing approach from the EU and national customs authorities
*Exploring the bona fide approach and compliance
Jan Delanote, Elegis and Véronique Beeckx, Elegis
Session Five: Temporary Admission 14.20
How does temporary admission work in yachting and aviation?
*What are the problems related with the regime?
E.g users, time limit, extensions, formalities
Session Six: Compare and Contrast: EU, US and non-EU Europe 14.50
Panel: Everything you need to know about VAT, charters, transactions and more from the EU, non-EU Europe and US perspectives
*VAT & charters: comparing the position across EU jurisdictions
*Non-EU & US perspectives on EU VAT
*The role on of non-EU jurisdictions in different transactions, such as completion of sales, charter, bunkering, exports/imports
(Turkey, Albania, Montenegro, Gibraltar, UK....)
Session Seven: Case-studies 16.10
Panel: Cross-border taxation of lease, sublease, charter income…
* … and tax treaties and withholding tax
*A business jet case-study
Joana Maldonado Reis, Advogada / Associated Partner, Abreu
End of Conference
Andrija started working in Nautical sector in 1994, after graduating from storical Bakar Nautical school. He took his Master Mariner exam in 1997.
After navigating for 11 years on Mercant navy and from 2001 on Mega Yachts,Andrija opened Simmor Maritime agency in 2005, becoming one of the pioneers of Mega Yachting in Croatia.
In 2014 Simmor joined in partnership with one of the biggest Maritime agencies in the world Fratelli Cosulich.
In 2017 Capt.Andrija Šimić won Annual Republic of Croatia award for development of Maritime Economy.
Andrija most notable work is development of Port of Rijeka as Yachting destination.When started in 2013 Rijeka was not Yachting destination,and now Rijeka is one of the most recognised ports for Super Yachting in Croatia.
In 2026 Rijeka will have new modern marina called ACI Marina Rijeka in center of old city in PORTO BAROS location. Simmor Maritime agency is Fiscal representative or agent for more than 300 yacht coming in Adriatic every year.
Tax Marine & Aviation Spain SLMore
Tax Marine & Aviation Spain SL
She has been particularly involved with matters related to corporate tax and indirect taxation and in the advisory of international and domestic clients, having vast experience in matters related to acquisitions, mergers, divisions and transfers of assets or exchanges of shares.
Joana is also recognized for her work in debt work out operations and in real estate investments, advising on conventional tax issues arising from those transactions.
With more than 20 years of professional experience, she has been particularly involved in restructuring operations in the Energy sector and has been assisting both developers and funders.
She is also regularly involved in a significant number of matters related to foreign investments in Portugal as well as Portuguese investments abroad.
Joana is invited on a regular basis to write articles and speak on tax matters related seminars.
DoubleTree by Hilton Brussels
Rue Gineste 3, 210 Brussels
Brussels, Belgium - DoubleTree by Hilton Brussels City, an eight-story hotel located just minutes from Brussels Grand Place, the Royal Gallery of Saint Hubert and more of the city’s main attractions,.
DoubleTree by Hilton Brussels City is located at Rue Gineste 3, 1210 Brussels, a stone’s throw away from Gare du Nord, with a direct train line to Brussels International Airport. On one side of the hotel you will find the Botanic Park with its blooming vegetation, an oasis full of native and exotic trees, along with garden roses. On the other, Place Rogier, with over 44,000 m² of office space, Brussels’ pedestrianised shopping streets, quirky brasseries and bars, with easy access to the European Institutions and the city’s Northern business district.
You can see full information on the hotel website here https://www.hilton.com/en/hotels/brudtdi-doubletree-brussels-city/