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    <title>Minimum training requirement for tonnage tax company - Section 115VU</title>
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    <description>A tonnage tax company must meet a minimum training requirement for trainee officers per guidelines of the Director General of Shipping and submit, with its return of income under section 139, a certificate from the Director General certifying compliance for the previous year. Sustained consecutive noncompliance for an extended period will cause the company&#039;s option for the tonnage tax scheme to cease to have effect from the beginning of the previous year following the last year of such noncompliance.</description>
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      <description>A tonnage tax company must meet a minimum training requirement for trainee officers per guidelines of the Director General of Shipping and submit, with its return of income under section 139, a certificate from the Director General certifying compliance for the previous year. Sustained consecutive noncompliance for an extended period will cause the company&#039;s option for the tonnage tax scheme to cease to have effect from the beginning of the previous year following the last year of such noncompliance.</description>
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