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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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Malta: Annual return of shipping firms benefitting from tonnage tax scheme

Transport Malta published a circular drawing the attention of all concerned to the reporting obligations contained in the Merchant Shipping (Taxation and Other Matters Relating to Shipping Organisations) Regulations. Shipping organizations falling within the scope of regulation 4(4) of these Regulations and approved as such, must submit an annual declaration to the Commissioner for Revenue.

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Portugal establishes new tonnage tax law

Portugal passed a new law last week, introducing new tonnage tax. The new tonnage tax is part of Portugal's attempt to improve its shipping industry. This includes measures to improve shipping, maritime labour, infrastructure and maritime suppliers. With this law, Portugal aims to attract new shipping companies by providing attractive conditions.

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