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Greece Adopts Shipping Taxation Changes as Part of Bailout Agreement

|Approved Changes|Greece
Greece

The Greek parliament has adopted a number of changes to the Country's shipping taxation regime, which include:

  • Allowing vessels flying EU and EEA flags to benefit from the same tonnage tax treatment as Greek vessels whether or not their management is performed in Greece;
  • Increasing the nominal tonnage tax by 4% per year 2016 to 2020 (a continuation of increases that were to end 2015);
  • Extendin…

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