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Greece : Greek shipowners to pay taxes under new deal
Publish Date : 14-Jan-2013
Greek shipowners will pay taxes on their vessels registered abroad the first time in decades although their other fiscal advantages will remain unchanged, a source from the Merchant Marine Ministry said on Friday.
An agreement between the government and the shipowners that will be part of the new tax bill the Greek parliament is expected to approve late on Friday night will alter a fiscal system virtually unchanged since 1955 said the source.
According to the new provision, the tonnage tax currently in force for the Greek merchant fleet will now apply to \"foreign shipowners or companies for ships sailing under foreign flags that are managed by companies based in Greece.\"
According to the same source, a large part of the Greek fleet sailing under foreign flags falls under this category.
