As published on the ECPY website, the provisions of the BOFIP (Bulletin Officiel des Impôts) as of 29 January 2020, which put an end to the flat-rate VAT reduction system, have been canceled by a new BOFIP ref 30 march 2020, which allows the flat-rate reduction, applicable under the former BOFIP, to apply after 31 March 2020.

This is confirmation of the unofficial announcement made a few days ago. This decision, which is linked to the economic context created by the COVID-19 health crisis, will certainly be re-examined when the crisis is resolved.

Until then, all charters starting in France or Monaco that go into international waters can benefit from the 50% VAT reduction.