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of <h1>Shipping Companies Get New Tax Calculation Method Under Clause 227, Simplifying Income Assessment for Maritime Businesses</h1> The text analyzes Clause 227 of the Income Tax Bill, 2025, which addresses taxation of shipping companies based on vessel tonnage. The provision establishes a systematic method for calculating taxable income by aggregating daily tonnage income across qualifying ships, using tiered rates based on vessel size. The approach maintains continuity with existing tax regulations while modernizing computation methods, providing a simplified and predictable taxation framework for maritime businesses that reduces compliance complexity and administrative disputes.
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