Manner of computation of income under tonnage tax scheme

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.... computation of income under tonnage tax scheme. 115VE.(1) A tonnage tax company engaged in the business of operating qualifying ships shall compute the profits from such business under the tonnage t....

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.... profits and gains from any other business. (4) The tonnage tax scheme shall apply only if an option to that effect is made in accordance with the provisions of section 115VP. (5) Where a company en....