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. New Slovenian Tonnage Tax Scheme Approved

New Slovenian Tonnage Tax Scheme Approved

by Ulrika Lomas, for LawAndTax-News.com, Brussels

14 January 2009


It has been announced that the European Commission approved on January 14 the introduction of a tonnage tax system in Slovenia.

The new system means that entities which are tax liable in Slovenia and engaged in international transportation by ship or in a related activity now have the possibility to change the base for their taxable profits.

The Commission's decision allows the Slovenian authorities to apply the scheme retroactively from January 1, 2008 for a period of ten years.

Companies fulfilling certain criteria may opt for a lump sum taxable base calculated on the net tonnage of their fleet, for the taxation of their profits derived from international maritime traffic, instead of the normally applicable corporate income tax.

Ship-owners will therefore pay a lower tax rate for their vessels, which must be registered in Slovenia or in any other EU/EEA member state.

This measure intends to stimulate the Slovenian shipping sector. The Commission considers that this scheme complies with the 2004 Community Guidelines for state aid to maritime transport.

The approval took place in the context of the Commission's maritime policy which aims, among other objectives, at maintaining the Community fleet and preserving the employment of EU maritime related staff both on-board and onshore. It is hoped that by so doing, this will decrease the flagging-out of the EU maritime fleet, thereby retaining employment and maritime know-how within the European Union.


To see today's news, click here.

 















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 »



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 »