Tonnage tax company status depends on being a qualifying company with a tonnage tax option in force. For tonnage tax purposes, a tonnage tax company is a qualifying company for which the tonnage tax option is in force. This definition appears in section ... Summary
Tonnage tax company status depends on being a qualifying company with a tonnage tax option in force.
For tonnage tax purposes, a tonnage tax company is a qualifying company for which the tonnage tax option is in force. This definition appears in section 235 of the Income-tax Act, 2025, and corresponds to section 115V of the Income-tax Act, 1961. The status therefore depends on satisfaction of qualifying-company requirements and the continuing operation of the tonnage tax option.
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