tonnage tax

Probably the main factor has been the Tonnage Tax introduced in 2000.

This tonnage tax must be paid regardless of whether the vessel has been in operation or not.

Certain shipping companies may elect to pay Tonnage Tax rather than Corporation Tax.

By 2008 changes to the tonnage tax regime to harmonize them with the European Union forced some companies to register in Cyprus.

A tonnage tax of 1 penny per ton on all vessels, except coasters, moving in or out of Boston Harbor, paid for maintaining the light.

Each year, Mr. Curley collects about $1.5 million in fees and tonnage taxes from foreign vessels coming into the port of New London.

We are talking here about providing tax breaks, such as the tonnage tax system for ships and tax breaks for seafarers and shipowners.

The bureau also investigated marine accidents and casualties; collected tonnage taxes and other navigation fees; and examined, certified and licensed merchant-vessel sailors.

This Brief announces that the rules in tonnage tax on where ships are registered ("flagging rules") will be applied at a company or group level in fiscal year 2010.

Shipping companies shipping income is exempted from income taxation, but they pay a tonnage tax of vessels they own, and in some cases the vessel they hire.

In this brief, HMRC is announcing a change of view on the Tonnage Tax treatment of specialist vessels that provide transportation in connection with services provided at sea.

The tonnage tax reductions are in effect from April 1, 2009 until April 30, 2012 and the incentive is applicable once, at the time of the first mandatory inspection, three years after the vehicle purchase.

There are supplementary pages for directors' loans, controlled foreign companies, groups and consortia, insurance, charities, tonnage tax, corporate venturing, cross-border royalties, ring fence trades and disclosure of tax avoidance schemes.

The Tonnage Tax minimum training commitment Overview of compulsory arrangements for seafarer training under the UK Tonnage Tax regime.

Tonnage Tax training commitment forms The Department is committed to the Quality Shipping initiative which commits us to strive for high quality, good public reputation and predictable performance for all UK-registered ships.

New next generation vehicles, including electric and fuel cell vehicles, plug-in hybrids, hybrid electric vehicles, clean diesel and natural gas vehicles are exempted from both the acquisition tax and the tonnage tax.

The Government meets roughly up to half of the training costs through the Support for Maritime Training scheme, and requires companies who enter into the Tonnage Tax regime to train a certain number of officer trainees.

Tonnage Tax training commitment forms A guidance booklet on how to fill out forms to meet the Minimum Training Commitment which is part of the Tonnage Tax regime.

The total revenue of Cyprus Maritime Administration for the year 2003 was around CYP£5.3 million which mainly consists of tonnage tax from ship owning and ship management companies, registration fees and issue of shipping documents.

The Shipping Act of June 26, 1884 replaced the hospital tax charged to merchant seamen in favor of financing health services by means of a tonnage tax on foreign ships landing in domestic ports, supplemented by deficiency appropriations.

Shipping: In a signal of the lengths Congress is going to raise new revenue, the House Committee on Merchant Marine and Fisheries recommended that tonnage taxes for international cargo shippers, including American carriers when they are coming from foreign ports, be increased for the first time since 1909.