December 6 in Zagreb saw Croatia and the European Commission launch the new maritime strategy for the Adriatic and Ionian Seas, based on 4 pillars: a stronger blue economy, a healthier marine environment, a safer maritime space, as well as responsible fishing activities. ... read full story
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New strategy for the Adriatic and Ionian Seas presented by the European Commission
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European Commission brings action against French VAT exemption for commercial vessels
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The European Commission has now decided to bring action before the European Court of Justice (“ECJ”) concerning the VAT exemption applied by France to certain transactions involving vessels – commonly referred to in yachting circles as the French Commercial Exemption (“FCE”). In a press release from Brussels dated 29 September 2011, the Commission accuses France... ... read full story
Changes in French VAT Exemption for Commercial Vessels
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France has published a change in its VAT law and policy relating to commercial vessels. Published as Article 70 of Law No 2010-1658 of 29 December 2010 amending Article 262 of the unified French Tax Code, the Code Général des Impôts, the change now limits VAT exemption only to those commercial vessels operating on the high seas. ... read full story