TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Shipping Companies Get Simplified Tax Calculation Method Under New Income Tax Bill's Tonnage Tax Scheme</h1> The document analyzes Clause 226(7) of the Income Tax Bill, 2025, which addresses the tonnage tax scheme for shipping companies. The provision establishes a method for computing taxable income based on ship tonnage rather than actual profits, offering a simplified tax regime. It maintains key principles from the previous legislation, including computing notional income, deeming it as business profits, and excluding specific shipping income from taxation. The approach aims to enhance the competitiveness of the shipping industry while providing a predictable tax framework.
TaxTMI 
TaxTMI 