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

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

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March 7, 2025

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 (March 2025) that covers the following developments:

  • Belgium
    • Proposed maritime tax developments
  • Singapore
    • 2025 budget
  • India
    • Charges for bareboat chartering is not taxable as royalty under the India-Belgium tax treaty
    • Union Budget 2025-2026 highlights
  • UK
    • Oil and gas price mechanism consultation
  • Hong Kong
    • Budget 2025-2026
  • Norway
    • Pausing offshore wind
  • Greece
    • Foreign exchange contribution declaration
  • EU
    • Clarification on the inclusion of offshore ships in Monitoring, Reporting and Verification Regulation

For more information, contact a professional with KPMG Trade & Customs services:

Andrew Siciliano
Partner, U.S. & Global Practice Leader

E: asiciliano@kpmg.com

Doug Zuvich
Partner

E: dzuvich@kpmg.com

Irina Vaysfeld
Principal

E: ivaysfeld@kpmg.com

John L. McLoughlin
Principal

E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal

E: labad@kpmg.com

George Zaharatos
Principal

E: gzaharatos@kpmg.com

Christopher Young
Principal

E: christopheryoung@kpmg.com

Amie Ahanchian
Principal

E: aahanchian@kpmg.com

Gisele Belotto
Principal

E: gbelotto@kpmg.com

Steve Brotherton
Principal

E: sbrotherton@kpmg.com

Jessica Libby
Principal

E: jlibby@kpmg.com

Dawn Olesky
Principal

E: dolesky@pmg.com

Frances Xing
Principal

E: francesxing@kpmg.com

 

 

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