Adjustment of Danish tonnage-tax system
The Danish parliament has made an adjustment to the tonnage tax-system giving the Danish shipowners and operators new tax benefits.
There will be no tax on profits from sales of ships registered after January 1, 2007. Pool-fees for foreign ships will be imposed tax under the Danish tonnage-tax-system. The limit for pool tonnage will be enlarged from four times the company’s own tonnage to now ten times, measured in GT. The time limit for time chartered ship with purchase options will change from five years to seven years. In order to “pay” for these benefits Danish owners will guarantee places for 200 maritime students annually and further 75–100 onboard training places for ships assistants’ under training to become master mariners in the traditional education scheme.
The imposed tax on sales of ships was DKK 150 million in 2005, while the total revenue from the tonnage tax system was DKK 144 million.
There will be no tax on profits from sales of ships registered after January 1, 2007. Pool-fees for foreign ships will be imposed tax under the Danish tonnage-tax-system. The limit for pool tonnage will be enlarged from four times the company’s own tonnage to now ten times, measured in GT. The time limit for time chartered ship with purchase options will change from five years to seven years. In order to “pay” for these benefits Danish owners will guarantee places for 200 maritime students annually and further 75–100 onboard training places for ships assistants’ under training to become master mariners in the traditional education scheme.
The imposed tax on sales of ships was DKK 150 million in 2005, while the total revenue from the tonnage tax system was DKK 144 million.