How much is us duty on a yacht?

Jeffry Considine asked a question: How much is us duty on a yacht?
Asked By: Jeffry Considine
Date created: Thu, Aug 12, 2021 8:05 AM
Date updated: Thu, Jun 30, 2022 3:55 AM


Top best answers to the question «How much is us duty on a yacht»

The duty on a yacht is going to be 1.5% of its value, though that number can change should congress decide to have it updated. When bringing a yacht to the United States, many people will have other imports on board. Anything that is not physically part of the yacht could be subject to additional import duties.

What is the import duty on a yacht in the US?

  • As the majority of the yachts we sell are built outside of the US an import duty of 1.5% of the yacht’s value, based on the sales price, will be due when it reaches US waters. US waters include the territory of Puerto Rico, but not the USVI.

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