Search results for: tax

12130 results

A list of search results

  • 16 March 2016
    Business & Finance

    South Korea’s shipbuilding giant Hyundai Heavy Industries (HHI) has been hit by another hurdle as it faces KRW 120 billion (USD 100.5 million) in taxes, Yonhap news agency informed. As disclosed by Yonhap, HHI has been notified by the country’s tax authorities of the additional tax imposition and the shipyard is considering to file for a review of […]

  • 13 June 2019

    U.S. Senators Todd Young, Bill Cassidy, and Michael Bennet have reintroduced the Waterway LNG Parity Act.

  • 10 July 2015
    Business & Finance

    The Greek government has promised to hike taxes on shipping companies in its latest proposal submitted to its euro zone creditors on Thursday, Reuters reports. The latest debt restructuring proposal comes as Greece struggles to avoid bankruptcy having defaulted on its USD 1.7 bln debt with the International Monetary Fund that led to a range […]

  • 11 August 2016
    Business & Finance

    In an effort to attract investments into the Malaysian shipbuilding and ship repairing industry, the country has decided to introduce new incentives for the sectors, according to the Malaysian Ministry of International Trade and Industry. The incentives would provide new companies with either a Pioneer Status with 70% of Income Tax Exemption on statutory income for a period […]

  • 10 July 2015
    Business & Finance

    The Greek government has promised to hike taxes on shipping companies in its latest proposal submitted to its euro zone creditors on Thursday, Reuters reports. The latest debt restructuring proposal comes as Greece struggles to avoid bankruptcy having defaulted on its USD 1.7 bln debt with the International Monetary Fund that led to a range […]

  • 2 March 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Australian clean energy developer Carnegie Clean Energy has received cash rebate from the Australian Tax Office in the amount of Au$2.3 million ($1.8 million).

  • 8 September 2015
    Business & Finance

    The government of Sweden has proposed the introduction of a tonnage tax system aiming to level the playing field between domestic and shipping companies from other European countries, according to the Gothenburg Port Authority (GPA). Sweden’s Minister for Infrastructure Anna Johansson presented the government’s maritime strategy at Donsö Shipping Meet 2015, revealing that the Swedish tonnage tax will be introduced in […]

  • 9 January 2015

    Scottish Energy Minister Fergus Ewing yesterday published a new report calling for urgent reform of the taxation regime for North Sea oil and gas and also setting out the Scottish Government’s work to support the sector. The report proposes fiscal changes to support investment, encourage exploration and ensure that the North Sea is a competitive […]

  • 8 September 2015
    Business & Finance

    The government of Sweden has proposed the introduction of a tonnage tax system aiming to level the playing field between domestic and shipping companies from other European countries, according to the Gothenburg Port Authority (GPA). Sweden’s Minister for Infrastructure Anna Johansson presented the government’s maritime strategy at Donsö Shipping Meet 2015, revealing that the Swedish tonnage tax will be introduced in […]

  • 3 May 2005

    Apart from reducing the incidence of taxation, the tonnage tax regime in its maiden year has enabled shipping companies to plough back the deferred tax liability into books. All the four shipping companies including GE Shipping, Essar Shipping, Varun Shipping and Shreyas Shipping have reversed the deferred tax liability cumulatively in excess of Rs 100 […]

  • 29 July 2019
    Business & Finance

    The three extended measures refer to a reduced tonnage tax rate for large vessels exceeding 50,000 net tons.

  • 13 December 2017
    Business & Finance

    The Brazilian authorities have canceled the tax claim against Vard Holdings Limited following the company’s appeal, the company said. The claim dates back to August 2014 and relates to the transfer pricing of goods and services delivered from the company’s Norwegian subsidiaries to Vard Niterói, and the tax treatment thereof. The tax assessment has been […]

  • 23 October 2015

    Oil and gas giant Chevron could pay up to AUD$310 million in tax and fines, following a Federal Court ruling in the Australian Tax Office’s case.

  • 26 May 2016

    The state of Oman has increased its tax on LNG companies from 15 percent to 55 percent in a joint meeting of the State Council and Majlis Al Shura, the country’s Consultative Council.

  • 22 December 2015

    The European Commission has sent a set of proposals to Greece asking it to change its maritime tonnage tax to exclude all maritime sector intermediaries and operators of ships, which do not provide maritime transport services. The commission said that the Greek tonnage tax system is not well targeted and that the current provisions may breach […]

  • 8 January 2016
    Authorities & Government, Business & Finance

    Bernie Sanders, U.S. Senator from Vermont and one of the national presidential candidates, has introduced a bill that would permanently extend the Investment Tax Credit (ITC) for advanced clean energy property and expand the 30% credit to offshore wind facilities.  The American Clean Energy Investment Act of 2015, introduced in Senate on 10 December, would also […]

  • 6 April 2015
    Business & Finance

    South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) is undergoing a tax probe launched amid speculations on the shipbuilder’s involvement in illegal overseas fund transactions. The investigation is likely to spread toward the shipbuilder’s affiliates. Hyundai Heavy has 26 affiliates in shipbuilding, heavy machinery, and the plant and energy businesses. According to HHI, the investigation is part […]

  • 3 October 2014
    Business & Finance

    DOF Rederi AS, a subsidiary of DOF ASA has won a court case against the Norwegian Central Tax office regarding extra correction tax for 2008, which has been found in contravention of the legislation for the current tax year. The lawsuit has a certain connection to the earlier constitutional conflict related to the Norwegian Tonnage […]

  • 18 September 2006

    Dozens of yacht owners have been tapped by Italian authorities for not paying Sardinia

  • 25 January 2006

    all commercial ships, except for a few exceptions, fly the flags of foreign nations. Therefore, the ships are registered in a foreign country, revenues are earned when sailing in international waters and the U.S. government has no claim to tax these entities.

  • 11 July 2017
    Business & Finance

    The prohibitive taxes announced in Bangladesh’s recent budget will be reversed for the next two years, at the very least, cash buyer of ships for recycling GMS said. Members of the Bangladesh Ship Breakers Association (BSBA) had reportedly lobbied the finance ministry since the initial announcement was made, whereby a 15% increase in value-added tax (VAT) was […]

  • 28 March 2019
    Business & Finance, Equipment

    Multi-client geoscience data provider TGS has been granted the appeal by the Borgarting Court of Appeal for the decision of the Oslo District Court issued in October 2018 in regard to the charges by Økokrim of aiding and abetting in tax fraud. The charges stem from transactions between TGS and Skeie Energy (later known as […]