Finance, Taxes, Insurance
EU Clarifies VAT Relief for Foreign Business Aircraft
Many business aircraft operators previously had been uncertain whether they were eligible for temporary admission into the EU.
The European Commission published a working paper this week that clarifies terms related to the temporary admission of aircraft into the European Union (EU), making clear that many business aviation flights–such as this U.S.-registered Gulfstream G650 arriving into Geneva International Airport–are indeed eligible for temporary admission when flying within the EU. (Photo: David McIntosh/AIN)
The European Commission published a working paper this week that clarifies terms related to the temporary admission of aircraft into the European Union (EU), making clear that many business aviation flights–such as this U.S.-registered Gulfstream G650 arriving into Geneva International Airport–are indeed eligible for temporary admission when flying within the EU. (Photo: David McIntosh/AIN)

The European Commission published a working paper this week that clarifies terms related to the temporary admission of aircraft into the European Union (EU), making clear that many business aviation flights are indeed eligible for temporary admission when flying within the EU. According to NBAA, many business aircraft operators had been uncertain whether they were eligible for temporary admission or could be subject to value-added taxes (VAT) and other duties when flying within the EU. The International Business Aviation Council (IBAC) had requested clarification from the EU.