Tonnage tax – maintenance of prescribed levels of Community-flagged vessels
he Merchant Shipping (Fees and Taxing Provisions) Law of 2010, usually referred to as the tonnage tax law, requires that, in order to qualify for Cyprus’s favourable tonnage tax scheme, Community-flagged ships (ships registered in and flying the flag of an EU or EEA member state) must account for at least the same percentage of […]
