Coral Island / Banana Beach (Koh Hey)

What is VAT?

Value Added Tax (VAT) is a tax that is levied on consumer goods and services in almost every country in the world and, similar to the US sales tax, increases the final price for consumers accordingly. The current VAT rate in Thailand is 7%.

This tax revenue is used to finance public facilities such as piers and jetties, staff and Marinne rescue services.

ATTENTION: Nobody likes to pay taxes, which is why some providers of yachts waive VAT for their customers in order to be able to act more cheaply than the legal competition. However, companies that offer services without VAT are acting illegally and thereby also putting their customers in an illegal position that can be prosecuted by the government. A business transaction without VAT is illegal by definition, which is why no insurance cover or legal claim to correct service provision can be granted in this case.

Since our yacht charters also have many corporate customers who are exempt from VAT, we show our prices net and add the VAT in the online cost estimate in order to offer all customers the highest possible cost transparency.