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Greece introduces amendments to the taxation of ships

12 February 2020

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Tax Alerts, Legislation & Policy, Na...

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Greece

The Greek Government, through L. 4646/2019 (A’ 201), has introduced amendments – among others – to the taxation of ships.This Alert summarizes the key changes.Fishing vessels/tugboats with a Greek flag – Tax Duty as of 1 January 2020The provisions of article 57 impose a tax duty on all fishing vessels with a Greek flag, as well as tugboats (which operate in maritime transport/shipping services for a time period that does not exceed 50% of their total time of operation). Lifeboats fall out of the scope of the abovementioned tax duty, if they conduct merely rescue or recovery services. Calculation of the tax dutyThe tax duty...