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EU: Tonnage tax, maritime transport incentives approved for five countries

EU: Tonnage tax, maritime transport incentives

The European Commission today announced approval under EU state aid rules of five programs to support maritime transport in Cyprus, Denmark, Estonia, Poland, and Sweden.

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As noted in an EC release, the programs are intended to encourage ship registration in Europe and to contribute to the global competitiveness of the sector without unduly distorting competition.

The EC adopted five separate decisions, as follows:

  • The introduction of a tonnage tax and seafarer scheme in Estonia
  • The prolongation of a tonnage tax and seafarer scheme in Cyprus
  • The introduction of a new seafarer scheme in Poland
  • The prolongation and extension of a seafarer scheme in Denmark
  • The prolongation of a seafarer scheme in Sweden

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