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Taxes and Duties on Boats in Thailand
Until recently the taxes and duties on boats brought into Thailand
have been pretty prohibitive. Viz., the below quote is from a posting from June 2001: "Currently, a yacht or luxury boat in Thailand is subject to import duty of 35%, an excise tax of 5%, a luxury tax of 50%, and a value-added tax of 7%. These imposts are applied cumulatively, resulting in taxes totaling about 128% of the value of the vessel." It is my understanding that as of about January of this year, (2004), the Thai government has become more yacht-friendly, but I do not know the particulars. Can anyone provide any clarification, and/or amend the above numbers? Thank you very much, in advance, David |
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