Tax & Legal

Categories: All (8 found)

1. 28.08.2024

   Tonnage tax: Management of ship to be carried out almost exc ...

   The task of operating merchant ships encompasses all transactions and legal acts, such as supplying the ships with fuels and equipment. The Supreme Tax Court decided that to benefit from the tonnage tax system the technical and commercial management of merchant ships must be carried out almost exclusively in Germany.

   Categories: Supreme Tax Court cases

   Keywords: tonnage tax, shipping line
2. 13.08.2014

   Pre-tonnage tax gains fully chargeable to trade tax

   The Supreme Tax Court has held on a literal interpretation of the statute that an unrealised exchange gain on opting for tonnage tax does not qualify for the trade tax privilege for shipping income when realised.

   Categories: Supreme Tax Court cases

   Keywords: tonnage tax, shipping line, pre-tonnage ...
3. 30.04.2014

   Application for tonnage tax from year of first voyage

   The Supreme Tax Court has held that the first year in which application for tonnage tax may be made is the year of the first voyage of the ship for the operator.

   Categories: Supreme Tax Court cases

   Keywords: tonnage tax
4. 27.03.2014

   Tonnage tax option does not exclude partner’s earnings prior ...

   The Supreme Tax Court has held that the exercise of the option for tonnage tax on the profits of a ship sailing in international waters does not preclude regular taxation on the earnings of a partner from services to the partnership prior to the ship’s commissioning.

   Categories: Supreme Tax Court cases

   Keywords: tonnage tax
5. 09.01.2014

   Trade tax deduction for shipping in international waters ind ...

   The Supreme Tax Court has held the 80% deduction from income chargeable to trade tax from shipping operations in international waters to be available regardless of a short or long term intention to continue the operation. If, however, the ship had already been sold prior to commissioning, the capital gain is not derived from an international operation and is chargeable to trade tax in full.

   Categories: Supreme Tax Court cases

   Keywords: tonnage tax, Shipping, international wat ...
6. 08.01.2014

   No tonnage tax for short-term operations

   The Supreme Tax Court has held that an option to tax international shipping operations on the basis of the net registered tonnage operated depends on the intention to operate for at least a year after putting the ship into service (commissioning). A gain on the sale of a ship prior to commissioning is not an ancillary transaction to the tonnage tax operations of her replacement, even if the sale proceeds are used to finance the new vessel.

   Categories: Supreme Tax Court cases

   Keywords: tonnage tax, short-term operation, inter ...
7. 11.12.2013

   Tonnage tax hidden reserve taxable in Germany on retirement ...

   The Supreme Tax Court has held the tonnage tax hidden reserve of a shipping partnership to be taxable in Germany on the withdrawal of a Belgian partner from the partnership.

   Categories: Supreme Tax Court cases

   Keywords: tonnage tax, Shipping, shipping line
8. 23.01.2013

   No tax on off-balance sheet intangibles on change to tonnage ...

   The Supreme Tax Court has held that the hidden reserve calculation on the change to tonnage tax (shipping lines) cannot include those intangibles that could not be taken up under the accounting rules prudently applied.

   Categories: Supreme Tax Court cases

   Keywords: tonnage tax