Connect with us

Phuket

Yacht customs duty dropped to zero

Published

 on 

Yacht customs duty dropped to zero | Thaiger

PHUKET TOWN: Phuket’s marine leisure industry broke out the Champagne today as the government finally dropped the customs duty on imported boats to zero, following publication of the change to the tax law in the Royal Gazette yesterday. Theera Paesathitthavorn, Deputy Chief of the Phuket Customs Office Region 5, told the Phuket Gazette today that he anticipates an increase in the number of yacht arrivals in Phuket as a result. Until the announcement, boats could be brought into Thai waters and stay for up to 12 months without the owner paying any taxes. But any boat kept here longer than a year was liable for duty and taxes totaling 47% of its value. This in itself was an improvement on the tax levels introduced in 1996, which took total imposts to around 230% of the value of the boat. Under the new regime, boats may still be kept in Thai waters for up to six months without having to be imported. Yachts that are imported will still incur excise tax, Interior Ministry tax and VAT totaling about 13% of the value of the boat. A source at the Phuket Provincial Excise Office said that the office was still waiting for a Ministry announcement on the reduction of yacht excise tax, currently 5%, to zero. A spokesperson for the Excise Department in Bangkok told the Gazette that the department needed more time to consider the law. The dropping of customs duty on yachts came after lengthy lobbying by the Marine Alliance of Thailand (MAT). The MAT argued that the country would benefit more from the income attracted by a thriving yachting industry than it would from trying to tax yachts heavily. Jan Jacobs, Director of yacht chartering, management and brokerage company Thai Marine Leisure, and a member of the MAT, said, “We’re delighted. It was sometimes difficult to believe it was going to happen. We hope this will boost the marine industry in Phuket big time. “It will help us to increase the charter fleet immediately and bring more wealthy tourists to Phuket.” Among the first to bring in boats and register them under the Thai flag will be yacht charter company Sunsail, which is expected to import 10 yachts by the end of the week to replace its aging fleet of rental boats. Ironically, the introduction of the zero duty comes just a day after the Chalong Tambon Administration Organization [CTAO] admitted that it was once more imposing its embarassing and much-reviled “Phuket waters fee” on all yachts visiting Phuket. No other province in Thailand levies a “waters fee” against tourists, and the CTAO impost is widely seen as detrimental to the central government’s efforts to promote high-end tourism and the growth of the boating industry in Phuket.

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Road deaths28 mins ago

Singaporean car driver dead, 7 injured in Phuket crash with bus

Thailand1 hour ago

FDA says Thailand unaffected by contaminated Haagen-Dazs

Crime3 hours ago

Foreign parrotfisher in Krabi says he’s sorry

Sponsored2 days ago

BKFC THAILAND 3: Moment of truth set for September 3

Chon Buri3 hours ago

17 year old the 18th victim of Mountain B fire, 27 still in hospital

Economy4 hours ago

After poor South Koreans die in flooded basement home, will there be change?

Thailand4 hours ago

10 Unique Superstitions of Thai People

Join the conversation on the Thaiger Talk forums today!
Weather5 hours ago

Tropical storm ‘Mulan’ makes a splash in the north of Thailand

Patong6 hours ago

Fire breaks out at Patong bar

Politics8 hours ago

Exiled Sri Lanka President warned to stay in his hotel in Bangkok

World8 hours ago

UPDATE: Salman Rushdie on ventilator, details on stabber emerge

Thailand9 hours ago

Campaign to get international training for Thai teen declared record sprinter

Crime9 hours ago

Royal birthdays bring over 100,000 royal prison pardons

Video9 hours ago

The Voice Behind the World’s Top Brands ft. Krit Tone Sukawat | Thaiger Podcast Ep.2

Press Room10 hours ago

Thailand as your next destination for Motorcycle Adventure post-COVID

Crime11 hours ago

Singaporean and Thai swindler couple arrested in Malaysia

Thailand11 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand1 year ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism1 year ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket1 year ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism1 year ago

Phuket Thai food treats you need to try | VIDEO

Thailand1 year ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism1 year ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending