GST rules prevent superyacht charters, costing Gold Coast big money


THE Gold Coast and nation are missing out on up to $100,000 a week per vessel from visiting foreign superyachts because stiff GST rules block them running local charters.

Foreign superyachts avoid offering charters in Australia waters because they must pay a hefty 10 per cent GST on the value of the vessel. For a vessel worth $50 million, that’s a $5 million GST bill.
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http://www.goldcoastbulletin.com.au/business/gst-rules-prevent-superyacht-charters-costing-gold-coast-big-money/news-story/0dbc928dd43996b2253bd4556fa083d6

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