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Belgium granted maritime tax extension

December 6 - Belgium has received approval from the European Commission (EC) to prolong its existing tax measures for maritime transport until the end of 2022.

The aim of the scheme, which was approved under EU state aid rules, is to encourage shipping companies to register their ships in Europe to ensure higher social, environmental and safety standards.

Belgium has also committed to a number of changes to its scheme to prevent any discrimination between shipping companies and registries of different European Economic Area (EEA) States.

Under the Belgian scheme, a shipping company is taxed on the basis of ship tonnage, or size of its shipping fleet, rather than the profits of the company.

In particular, tonnage taxation will be applied to a shipping company's core revenues from shipping activities, such as cargo and passenger transport; ancillary revenues that are closely connected to the shipping activities, which are now capped at a maximum of 50 percent of a ship's operating revenues; and revenues from towage and dredging, as well as onshore ship management activities.

The Belgian scheme mandates a shipping company to operate a significant part of its fleet under the flag of an EU or EEA State.

 

europa.eu

Heavy Lift | News

Liso appointed at Crane Worldwide   thumbnail image

Liso appointed at Crane Worldwide  

January 17 - Crane Worldwide Logistics, has appointed Ivan Liso as director of projects, EPC and Marine, for the Europe, Middle East, India and Africa (EMEIA) regions. 
Views: 170
Neeb builds bridges with Terex thumbnail image

Neeb builds bridges with Terex

January 17 - Neeb Crane has used a 500-tonne capacity Demag AC 500-8 all-terrain cranefor a bridge expansion project over the A1 freeway near Cologne, Germany.
Views: 161
SAL delivers multi-load thumbnail image

SAL delivers multi-load

January 17 - SAL Heavy Lift has transported multiple vessels from the port of Genoa Italy to Jebel Ali, UAE.
Views: 244

Heavy Lift Across The World

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