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Know-How

The New Tonnage Tax: A Portuguese Geostrategic Assertion

19-04-2018

Following the approval by the European Commission on April 6, 2018 in the context of EU State Aid rules, the Portuguese Government has taken the first step by approving Law proposal no. 111/XIII. A special tax scheme enhancing maritime transport activities is proposed with the intention to encourage and strengthen the maritime industry. It is expected that this scheme will boost even further Madeira’s International Shipping Register.