Shipping Companies Tax 2014

Tax rate

1. profits of a qualifying ship owner from shipping operations
2. dividends paid directly or indirectly from such profits
3. profits on the sale of the ship
4. Interest earned on funds used as working capital or for the financing, operation and / or maintenance of the ship

Exempt from corpora­tion tax and subject to Net Tonnage Tax

1. profits of a qualifying charterer from shipping operations
2. dividends paid directly or indirectly from such profits
3. Interest earned on funds used as working capital or for the pay ment of expenses arising out of the charter party

Exempt from corpora­tion tax and subject to Net Tonnage Tax

1. profits of a qualifying ship manager from the provision of crew/or technical ship management services
2. dividends paid directly or indirectly from such profits
3. interest earned on funds used as working capital or for the payment of expenses relating to the management of the ship

Exempt from corpora­tion tax and subject to Net Tonnage Tax

• Profits on operations or charterer of non-qualifying ship operations

10%