Inland vessels are added to the core activities qualifying for tonnage-tax treatment under the income-tax amendment. The amendment inserts the words 'or inland vessels' into item (A) of sub-clause (ii) of clause (b) of sub-section (3) of section 228, thereby including on-board or on-shore activities of inland vessels within the core activities of a tonnage company and extending the relevant shipping income/book profit exclusion to such vessels; the amendment takes effect from 1 April 2026 and applies to the tax year 2026-2027 and thereafter.
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Inland vessels are added to the core activities qualifying for tonnage-tax treatment under the income-tax amendment.
The amendment inserts the words "or inland vessels" into item (A) of sub-clause (ii) of clause (b) of sub-section (3) of section 228, thereby including on-board or on-shore activities of inland vessels within the core activities of a tonnage company and extending the relevant shipping income/book profit exclusion to such vessels; the amendment takes effect from 1 April 2026 and applies to the tax year 2026-2027 and thereafter.
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