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Thailand Yacht Show
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Six years of lobbying led by Verventia, through the platform of the government-initiated Thailand Yacht Show, finally resulted in the Minister of Finance announcing, in February 2021, changes to regulations that now allow foreign-flagged superyachts to charter legally in Thailand.
Instead of being required to pay VAT on the yacht’s value, which was a non-starter, superyachts would now pay tax only on their charter earnings – a major win-win for everyone.