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Clearing Customs


JimSiam

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In the case if you are importing a yacht on a temporary basis (no more than

6 months), you are required to put down a security deposit (bank guarantee)

equivalent to the estimated tax value. The said security deposit shall be

return upon the re-export of the yacht.

Whereas when importing a yacht on a permanent basis, there shall be no

import duties. The VAT is calculated from the Cost, Insurance and Freight as well as the value of the yacht itself.

www.sunbeltlegaladvisors.com

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