https://www.taxtmi.com/article/detailed?id=9779 The tonnage tax scheme is a specialized tax regime for qualifying companies operating qualifying ships, requiring an approved option and separate books; tonnage income is computed per ship by prescribed daily tonnage rates applied to certified net tonnage (including deemed tonnage), with no deductions or carry forward of losses, allocation rules for common costs and depreciation, mandatory training and audit compliance, a required Tonnage Tax Reserve credited from book profits and specified limits on charter in tonnage, and anti abuse and exclusion mechanisms. en-us Wed, 12 May 2021 10:30:37 +0530 Wed, 12 May 2021 10:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9779 The tonnage tax scheme is a specialized tax regime for qualifying companies operating qualifying ships, requiring an approved option and separate books; tonnage income is computed per ship by prescribed daily tonnage rates applied to certified net tonnage (including deemed tonnage), with no deductions or carry forward of losses, allocation rules for common costs and depreciation, mandatory training and audit compliance, a required Tonnage Tax Reserve credited from book profits and specified limits on charter in tonnage, and anti abuse and exclusion mechanisms. Articles Income Tax Wed, 12 May 2021 10:30:37 +0530 https://www.taxtmi.com/article/detailed?id=9779