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EU extends Dutch tonnage tax regime to 2028

The European Commission informed that it has authorized, under EU State aid rules, the extend of three amendments regarding the Dutch tonnage tax regime, which is now up to 31 December 2028. The three measures regard a reduced tonnage tax rate for large vessels of over 50,000 net tones, a reduced tonnage tax base for ship management and the application of tonnage tax systems to cable - laying vessels.

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Dutch maritime technology sector reports cautious progress

Activity in the Dutch maritime technology sector, increased slightly in 2018. Total turnover rose to €7.3 billion, about €400 million more than 2017. The total employment was 29,072 FTEs, which marks an expansion of about 4% compared to 2017. Bas Ort, chair of the trade association Netherlands Maritime Technology (NMT), noted that many new orders were received and ships completed in the Netherlands during 2018.

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