KPMG report: Shipping and offshore tax update (January 2025)

Global tax-related developments relevant for companies involved in shipping and related industries

The KPMG member firm in the Netherlands has prepared a report that summarizes certain global tax-related developments that are relevant for companies involved in shipping and related industries.

Read the KPMG report (January 2025) that covers the following developments:

Netherlands
- Tonnage tax regime: No EU/EEA flag requirement in 2025
- Updated decree on tonnage tax regime
- Dutch tax authorities knowledge group position on determining a shipping enterprise
France
- Proposal introducing temporary corporate income tax surcharge for large companies
Singapore
- Introduction of shipping taxation based on net tonnage
Greece
- European Commission accepts Greece's measures to bring its tonnage tax scheme in compliance with State aid rules
United Kingdom
- Fifth meeting of the Specialised Committee on Energy under the EU-UK Trade and Cooperation Agreement
- HMRC issues customs guidance on movement of goods between Great Britain, UK Continental Shelf
Serbia
- Parliament introduces new tax rules for seafarers
Bahamas
- Tonnage tax regime would be implemented alongside an exclusion for shipping-related income from corporate tax
Canada
- Regulations to limit greenhouse gas emissions

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KPMG report: Shipping and offshore tax update (January 2025)

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