marine News
Norway's Reelected Conservatives Pledge Tax Cuts
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, September 14, 2017
Norway's reelected Conservative Prime Minister, Erna Solberg, has pledged tax cuts for companies to encourage higher investment, job creation, and economic growth. Read Full Story
Greek Shipping Firms Unhappy With Tax Regime
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, September 6, 2017
Tax regime instability has been cited by Greek shipping companies as a reason why they would consider switching to an alternative jurisdiction, according to a report by EY. Read Full Story
EU Expected To Adopt New Fuel Marker To Prevent Fraud
by Ulrika Lomas, Tax-News.com, Brussels
Monday, July 24, 2017
New chemical markers intended to be used in gas oil (diesel) and kerosene in the EU are more resilient to fraud than the one currently applied, and introducing a new marker might cost less than member states currently lose in tax revenues, a new EU report says. Read Full Story
Greek Shipowners Agree Extra Tax Payments
by Lorys Charalambous, Tax-News.com, Cyprus
Tuesday, July 4, 2017
The Greek shipping industry has agreed to renew a tax agreement under which shipping companies pay additional tax to the Government. Read Full Story
Hong Kong Seeking To Improve Insurance Tax Incentives
by Mary Swire, Tax-News.com, Hong Kong
Monday, March 6, 2017
The Financial Services Development Council released a report on March 3 on the policies, including tax measures, Hong Kong could adopt to improve its position as an insurance hub, especially in reinsurance, marine insurance, and captives. Read Full Story
South Africa Consults On Diesel Fuel Tax Refund Overhaul
Lorys Charalambous, Tax-News.com, Cyprus
Thursday, February 16, 2017
The South African National Treasury has issued a discussion paper on a new diesel tax refund system, reviewing its administration and addressing anomalies related to its qualifying activities and beneficiaries. Read Full Story
EFTA Approves Eco Tax Incentives For Norwegian Ships
by Ulrika Lomas, Tax-News.com, Brussels
Friday, December 2, 2016
The European Free Trade Association Surveillance Authority has approved a tax-based state aid scheme aimed at reducing maritime transport pollution in Norway. Read Full Story
Seychelles Issues Final Ruling On Expenses Deduction
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, November 24, 2016
The Seychelles Revenue Commission has issued its final Public Ruling 2016-2 to provide clarity regarding the methodology used to calculate the additional special business tax deduction allowed for marketing and promotion expenditure. Read Full Story
EFTA Approves Norwegian Tonnage Tax Extension
by Ulrika Lomas, Tax-News.com, Brussels
Monday, November 14, 2016
The European Free Trade Association Surveillance Authority has approved a six-month extension of the current Norwegian special tax system for shipping under the area's state aid rules. Read Full Story
Hong Kong, Russia DTA Enters Into Force
by Mary Swire, Tax-News.com, Hong Kong
Friday, August 5, 2016
The comprehensive double taxation agreement between Hong Kong and Russia, which was signed in January this year, entered into force on July 29, 2016, and will be in effect in Hong Kong for any year of assessment beginning on or after April 1, 2017. Read Full Story
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