Tonnage income means a tonnage tax company's income calculated under the governing tonnage-tax provisions of the Chapter.

Tonnage income denotes the income of a tonnage tax company computed under the dedicated tonnage-tax provisions. Under the Income Tax Act, 2025, computation follows the applicable Part of the relevant Chapter, while under the Income Tax Act, 1961, it is computed in accordance with the provisions of the relevant Chapter.

---

---

---