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of <h1>Comparison of tonnage tax eligibility rules: 20% book profit reserve, eight-year vessel use limit, training and reporting requirements</h1> The compared texts govern tonnage tax eligibility, requiring companies to credit at least 20% of 'book profit' to a Tonnage Tax Reserve, restrict reserve use to acquiring or operating qualifying ships within eight years, and impose training, reporting, charter-in (49% cap) and separate-books requirements; misuse, non-utilisation or shortfalls trigger recharacterisation and taxation and repeated non-compliance causes cessation of the option. Key differences are cross-references to differing sub-clauses for 'book profit,' minor drafting shifts on prescribed forms/manner, references to 'new' inland vessels, and slight delegation phrasing changes-largely technical edits with potential practical effects only if the referenced provisions differ substantively.
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