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EFTA Approves Norwegian Tonnage Tax Regime Tweak

by Ulrika Lomas, Tax-News.com, Brussels

16 September 2014


The European Free Trade Association Surveillance Authority (EFTA Surv) has approved an amendment to the Norwegian Special Tax System for Shipping. Under this scheme, shipping income is exempted from ordinary corporate tax and only a tonnage tax related to the vessel's tonnage is due.

The approved amendment concerns income that shipping companies may generate as a result of their joint and several liability for employer obligations under Norwegian law. Without the amendment, such income would fall under the general corporate taxation rules. The Authority took the view that the notified amendment is in line with the state aid provisions of the European Economic Area (EEA) agreement.

The joint and several liability for employer obligations means that shipping companies can be held responsible for certain minimum rights of the shipping employees, such as health protection and medical care. The change follows the entry into force of the International Labour Organization's Maritime Labour Convention 2006, which was implemented into Norwegian law in August 2013.

TAGS: tonnage tax | tax | marine | law | employees | Norway | Tax

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