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<h1>Section 115VZB Targets Abuse of Tonnage Tax Scheme to Prevent Unfair Tax Advantages in Maritime Sector</h1> Section 115VZB addresses the avoidance of tax through the abuse of the tonnage tax scheme. The scheme is inapplicable if a tonnage tax company engages in transactions or arrangements that result in a tax advantage for non-tonnage tax entities or for the company in non-tonnage tax activities. An abuse is identified when such transactions lead to reduced income or increased loss from non-tonnage tax activities, or if they yield more than ordinary profits from tonnage tax activities. Tax advantages include adjustments in expense allowances or cost allocations that affect taxable income.
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