Shipping – Demetris Ch. Demetriades LLC – DDLegal Law Firm https://www.ddlegal.co DDLegal Cyprus Lawyers Thu, 28 May 2020 07:11:08 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9 Tonnage tax rates https://www.ddlegal.co/tonnage-tax-rates/ Thu, 28 Dec 2017 10:02:09 +0000 http://185.146.20.160/~ddlegal/?p=1836

TONNAGE TAX RATES FOR QUALIFYING
OWNERS AND CHARTERERS OF CYPRUS AND FOREIGN SHIPS

 

Net Tonnage
0-1.000 1.001-10.000 10.001-25.000 25.001-40.001 >40.000
€ 36,50
per 100 NT		 € 31,03
per 100 NT		 € 20,08
per 100 NT		 € 12,78
per 100 NT		 € 7,30
per 100 NT

Any residual tonnage of less than 100 units of net tonnage shall be charged proportionally.

 

Sample calculation of the annual tonnage tax for a 19.538 net tonnage vessel:
1.000 NT : 1.000/100 = 10 x € 36,50 = € 365,00
 9.000 NT : 9.000/100 = 90 x € 31,03 = € 2.792,70
 9.500 NT : 9.500/100 = 95 x € 20,08 =  € 1.907,60
 8 NT: 38/100= 0,38 x € 20,08 =  € 7,63
 Annual tonnage tax due =  € 5.072,93

 

TONNAGE TAX RATES FOR QUALIFYING
SHIP MANAGERS OF CYPRUS AND FOREIGN SHIPS

Net Tonnage
0-1.000 1.001-10.000 10.001-25.000 25.001-40.001 >40.000
€ 36,50
per 400 NT		 € 31,03
per 400 NT		 € 20,08
per 400 NT		 € 12,78
per 400 NT		 € 7,30
per 400 NT

Any residual tonnage of less than 400 units of net tonnage shall be charged proportionally.

 

Sample calculation of the annual tonnage tax for a 19.538 net tonnage vessel:
1.000 NT : 1.000/400 = 2.5 x € 36,50 = € 91,25
 9.000 NT : 9.000/100 = 22.5 x € 31,03 = € 698,17
 9.500 NT : 9.500/100 = 23.75 x € 20,08 =  € 476,90
 8 NT: 38/100= 0,095 x € 20,08 =  € 1,90
 Annual tonnage tax due =  € 1.268,22
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