Cabinet approves zero import duty on boats
BANGKOK: The Cabinet today approved the axing of the 30% import duty on boats brought into Thailand for either commercial or personal use, but have yet to set a date for introducing the zero rate. The announcement follows expectations among the local boating community that the tax would be dropped by the end of the year, and just 11 days before this year’s King’s Cup Regatta gets underway on November 29.
