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The aim of this brochure is to provide concise but introductory information about the corporate taxation of the shipping industry around the globe. This report is unique in that it presents a comprehensive and detailed comparison of the different regimes around the world. It serves as a practical aid for shipping companies in determining which register suits their particular needs best.
Today, almost all member states of the European Union have implemented a tonnage regime and increasing number of countries outside Europe are copying this tax regulation. Many countries in the rest of the world are winning ground compared to European countries. Since more countries implemented the tonnage regime, it has become easier for shipping companies to compare the various tax regimes with each other. This may result in increased tax competition in the future which is beneficial for the shipping industry. Some Asian countries apply a different tax system; many shipping activities are not subject to taxation in these countries.
We hope you find this publication helpful and look forward to hearing your comments and questions.