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tonnage tax News

London Shipping Week Highlights UK Registry's Perks

by Jason Gorringe,, London

Tuesday, September 17, 2013

During the five-day London International Shipping Week conference, which concluded on September 13, 2013, discussions focused on the UK's competitiveness as a hub for shipping and associated industries, and the registry's relative appeal. Read Full Story


South Africa Drafts Revamped Shipping Tax Regime

by Lorys Charalambous,, Cyprus

Friday, July 26, 2013

The draft Taxation Laws Amendment Bill, 2013, released by the South African Revenue Service on July 14, 2013, proposes the introduction of an internationally-competitive tax regime for ship operators that register vessels under the South African ensign. Read Full Story


Greek Shipowners Agree To Voluntary Tax Payments

By Amanda Banks,, London

Tuesday, July 23, 2013

Greece's Prime Minister Antonis Samaras has praised the patriotism of Greek shipowners, following the signing of a voluntary agreement that will see 441 shipping companies make extra revenue payments over a three-year period via the Tonnage Tax on cargo. Read Full Story


EC Urges Spain To Recover Shipping Tax Benefits

by Ulrika Lomas,, Brussels

Thursday, July 18, 2013

The European Commission has said that a Spanish tax relief scheme for the purchase of ships is partly incompatible with European Union rules on state aid. Read Full Story


Business As Usual At Cypriot Ship Registry, Minister Claims

by Lorys Charalambous,, Cyprus

Monday, April 1, 2013

Cypriot Transport Minister Tasos Mitsopoulos has stated that the operations of the nation's Shipping Registry will be unaffected by the turmoil in the banking sector. Read Full Story


Gibraltar Launches Tax Breaks For Eco-Friendly Vessels

by Amanda Banks,, London

Friday, March 29, 2013

The Port of Gibraltar announced its participation in the Green Award Scheme at an official ceremony on March 27, 2013. Under the initiative, the Port will award sustainable ships that have been certified by Green Award with a 5% reduction in tonnage tax dues from April 1, 2013. Read Full Story


Greek Shipping Industry Faces 'Cargo Tax'

by Ulrika Lomas,, Brussels

Monday, November 5, 2012

The government of Greece has signed a memorandum of understanding with the shipping industry over a new cargo tax, in the expectation that the measure will raise EUR200m (USD260m) by 2016. Read Full Story


Denmark To Amend Indirect Taxes

by Ulrika Lomas,, Brussels

Thursday, August 23, 2012

The Danish Tax Ministry has submitted its indirect tax proposals to Parliament as part of a wider tax reform due to take effect in 2013. Read Full Story


Maltese Tonnage Tax Measures Considered 'Predatory'

by Ulrika Lomas,, Brussels

Monday, July 30, 2012

Malta may be told to remove generous tax concessions introduced to improve the attractiveness of its tonnage tax regime following the initiation of an investigation by the European Commission. Read Full Story


Indian Tax Sops To Fuel Ambitious Port Expansion

by Mary Swire,, Hong Kong

Tuesday, June 26, 2012

Shri Vasan, India's Minister for Shipping has announced that the government is to provide several tax concessions to private sector investors to achieve more ambitious port expansion during the 2012-13 fiscal year. Read Full Story



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