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Estonia · Law · SE

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The Act on the Amendment of the Ship Flag Law and Ship Registers Act and the Income Tax Act and the Act on the Amendment of Other Acts Related Thereto and the Act on the Amendment of Other Acts

avaldatud riigiteatajasEstonia· Riigikogu· ET

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21 October 2019

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AVALDATUD_RIIGITEATAJAS

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18 February 2020

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Summary

The draft specifies the special income tax regime for companies in the shipping sector and brings it into line with the European Union's state aid rules. The basic conditions of the special tax regime are not changed, but individual conditions are specified. The main activities, additional activities and other activities that are eligible for assistance in international maritime transport, from which the more favorable tonnage-based income tax regime is allowed to be used in terms of income. In the case of income from additional activities, you can to use the tonnage-based income tax regime only under the condition that the income received cannot exceed 50 percent of the income from the international transport of goods or passengers. The rule is also provided for the situation when the ship makes voyages both in Estonia and in foreign countries. If the attendance of Estonian ports remains below 50 percent, the tonnage rule is allowed to be applied. It is specified that in the case of a group, the tonnage-based income tax regime cannot be used for only one company, but in relation to eligible companies belonging to the entire group. A natural person, whose income is taxed on the basis of a fixed tax base, will not be able to use any possibility of deduction from the income permitted by law in the normal regime. According to the previously valid law, a crew member could deduct, for example, the costs of acquiring pension fund units. The limit applies only to income earned as a crew member.

Machine translation from Estonian. The official text remains authoritative.

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23 official files

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