Thai Custom Department announcement.
On 23rd February 2021, a meeting was held between Mr. Arkhorm Termpittayapaisith (Ministry of Finance), Mrs. Kobkarn Wattanavarangkul (former Ministry of Sport and Tourism), the Thai Revenue Department, the Thai Custom, and the Thai Yachting Business Association. The meeting was held to discuss about the Thai Custom's new announcement which will make Thailand an even more friendly destination to foreign visiting yacht.
This announcement has changed 2 major policies:
(1) Extending a temporary import exemption to foreign visiting yacht from 6 + 6 months to 6 months + 2 years ( a total of 30 months)
(2) Allowing foreign Superyacht with a Thai charter permit to operate without collecting VAT on a value of the vessel.
These game changing policies will make Thailand one of the most attractive hub for yacht and visiting yacht from all over the world. For more information.
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