Boat owners warned over tax

PHUKET: The Phuket Excise Department has warned the owners of all imported pleasure craft, including speedboats and jet-skis, to settle their outstanding taxes before April 1 or face huge fines and possible imprisonment. An Excise Department statement said the grace period would give boat owners time to pay taxes owed. The total import taxes payable on foreign-made pleasure craft were reduced on December 19 last year from 209% to 47%. Outstanding taxes paid before April 1 will be charged at the new rate of 47%. But if a boat owner goes to pay the tax after the deadline, he may be charged at the old rate of 209%, depending on when the boat was imported. Defaulters needing to be chased could face fines of up to 20 times the tax due, or seven years in jail, or both.

Phuket News
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