The EFTA Surveillance Authority has approved an amendment to the Norwegian Special Tax System for Shipping.

Under this scheme, shipping income is exempted from ordinary corporate tax and only a tonnage tax related to the vessel's tonnage is due. The approved amendment concerns income that shipping companies may generate as a result of their joint and several liability for employer obligations under Norwegian law. Without the amendment, such income would fall under the general corporate taxation rules.

Press release


Informatiesoort: Nieuws

Rubriek: Europees belastingrecht

H&I: Previews


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