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Tag "Indonesia"

Indonesian government courts superyacht owners by removing luxury tax

Indonesian government courts superyacht owners by removing luxury tax

The Indonesian government is hoping to entice superyachts to visit the country by removing tax barriers for owners. ‘The luxury goods tax’ will be scrapped immediately for yachts entering Indonesian waters. The finance ministry indicated in July that due to

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M/Y Equanimity to be returned to owner

M/Y Equanimity to be returned to owner

Malaysian financier Jho Low’s 92-meter superyacht will be returned to its owner after an Indonesian court ruled that the U.S Department of Justice’s seizure in February was deemed illegal. Indonesia’s South Jakarta State Court claimed that the yacht was not

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