CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. EFTA Approves Eco Tax Incentives For Norwegian Ships

EFTA Approves Eco Tax Incentives For Norwegian Ships

by Ulrika Lomas, Tax-News.com, Brussels

02 December 2016


The European Free Trade Association Surveillance Authority (EFTA Surv) has approved a tax-based state aid scheme aimed at reducing maritime transport pollution in Norway.

Under the program, a reduced rate of taxation will be applied to electricity directly provided to vessels, with the exception of private pleasure craft. The tax break applies to electricity supplied to vessels while in port, and to the recharging of ships' batteries.

The aim of the scheme is to encourage the use of a cleaner source of power over traditional fossil fuels, and reduce Norway's overall carbon emissions.

The Norwegian Government has notified EFTA Surv that the tax incentive will be in place for 10 years starting on January 1, 2017.

"This scheme can alleviate air pollution in ports, fjords, and along the Norwegian coast in general," said EFTA Surv President Sven Erik Svedman.

"The EEA (European Economic Area) state aid rules can be used to further such environmentally friendly and cost-efficient solutions," he explained.

TAGS: environment | tax | marine | Norway | Europe

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

USS Mcinerney 8

David Briggs on Friday, December 2, 2016

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 

Log into Tax-News+
Not registered yet? Find out about our daily news alert service »

 Email: 
 Password: 

Login »

Forgotten your password?







Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »