Archive for the ‘Taxation’ Category

UK tax regime continues to provide stability for shipping and offshore maritime

UK tax regime continues to provide stability for shipping and offshore maritime
Sue Bill International accountant and shipping consultant Moore Stephens has outlined a number of unexpected changes introduced by the UK Budget 2018 which could have implications for the shipping and offshore maritime industries. But it stresses that these are relatively minor alterations which will...
October 30th, 2018 | Accountancy, Taxation | Read More

Freight association fumes over sulphur surcharge

Freight association fumes over sulphur surcharge
Robert Keen The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, has described the container shipping industry’s recent imposition of a ‘sulphur surcharge’ as unjustified and blatant profiteering.  It follows an announcement...
September 19th, 2018 | Associations, Energy, Environment, Logistics, Taxation, Trade and Commerce | Read More

Liberia renews historic China agreement

Liberia renews historic China agreement
On 5 September, the People’s Republic of China (PRC) and the Republic of Liberia renewed their historic maritime agreement for an additional five years. The unprecedented five-year extension further strengthens the close relations between the governments of the two countries, and their long-term co-operation...
September 10th, 2018 | Flags, Shipmanagement, Taxation | Read More

Enablers of tax avoidance rules: the impact on shipping

Enablers of tax avoidance rules: the impact on shipping
Sue Bill New rules have recently been introduced in the UK to combat complex or artificial tax avoidance arrangements. These rules apply to ‘enablers’ of defeated ‘tax avoidance’ arrangements. Where the rules apply, penalties will be imposed on the enabler and they can also be ‘named and shamed’....
July 20th, 2018 | Accountancy, News, Shipmanagement, Taxation | Read More

Damen supporting European shipbuilding with NAVAIS coordination

Damen supporting European shipbuilding with NAVAIS coordination
Damen Road Ferry 8117 Artist Impression EC-funded programme to improve sustainability in shipbuilding and maintain Europe’s leading role in complex vessel construction Damen Shipyards Gorinchem, in close cooperation with Netherlands Maritime Technology (NMT), is to coordinate the NAVAIS programme....
July 12th, 2018 | Marine Equipment Products and Services, Ro-Ro and Passenger Ferries, Shipbuilding and Shipyards, Taxation, Technical | Read More

Moore Stephens Spring 2018 newsletter

Moore Stephens Spring 2018 newsletter
Moore Stephens Spring 2018 newsletter Please find herebelow the latest newsletter from the Moore Stephens shipping team, which includes articles on US tax developments, and a non-dom tax update.   Bottom-Line-Spring-2018 Enjoy the read!
May 10th, 2018 | Accountancy, Communication, Taxation | Read More

Brexit – where next?

Brexit – where next?
Margaret Pinder Brexit – where next? by Margaret Pinder, Head of Market Intelligence, Hill Dickinson Now that the Government has achieved sufficient progress in the Brexit negotiations to reach agreement to progress to stage two, this is a good time to review what this means for your business going...
January 2nd, 2018 | European Union, Legal, Markets, News, Politics and Government, Reports, Taxation | Read More

Fact vs fiction: BDA and industry respond to ICIJ reports

Fact vs fiction: BDA and industry respond to ICIJ reports
Hamilton, Bermuda, November 10, 2017 – Reportage about hacked data from global law firm Appleby has highlighted the substantial lack of media understanding of offshore investment structures and Bermuda’s long-time reputation for tax transparency and cooperation with international authorities. Bermuda...
November 10th, 2017 | Reports, Taxation | Read More

Hot Port News from GAC

Hot Port News from GAC
22-Jun-2017 PORTS STILL CLOSED DUE TO STORM Beaumont, Port Arthur & Lake Charles, United States SUPPLY OF PROVISIONS, SPARES, TOOLS & EQUIPMENT Sharjah, United Arab Emirates Ports still closed due to storm Thursday, June 22, 2017, Beaumont, Port Arthur & Lake Charles,...
June 22nd, 2017 | Earthquakes, Tsunamis, Cyclones and Typhoons, Marine Equipment Products and Services, Port Conditions, Ports & Terminals, Stores and Provisions, Taxation, Weather | Read More

ABS industry technical expert receives inaugural chairman’s chair award

ABS industry technical expert receives inaugural chairman’s chair award
Chairman, President and CEO Christopher J. Wiernicki presented Dr. Chris Leontopoulos with the first ever ABS Chairman’s Chair Award for Technical Leadership in ABS’s Athens, Greece, office. Dr. Chris Leontopoulos, ABS Technology Manager of Machinery and Industry Systems, has built a stellar reputation...
June 13th, 2017 | Awards, Classification Societies, Events, Marine Equipment Products and Services, News, People and Places, Taxation, Technical | Read More

GEODIS tests the Com’hand System, developed by the start-up Siatech, for controlling lifting machinery

GEODIS tests the Com’hand System, developed by the start-up Siatech, for controlling lifting machinery
GEODIS is testing the Com’hand system, which offers intuitive control capabilities for lifting and handling machinery, at a manufacturing site of Saint-Gobain. The innovative system has been developed by the technology start-up company Siatech and initial tests within a live logistics environment began...
April 27th, 2017 | Logistics, Marine Equipment Products and Services, Taxation, Technical | Read More

Moore Stephens warns on dangers of diving unprepared into shipping pools

Moore Stephens warns on dangers of diving unprepared into shipping pools
Michael Simms International accountant and shipping adviser Moore Stephens has warned ship owners and operators to check carefully the financial, tax and jurisdictional implications of participating in shipping pool arrangements. Shipping partner Michael Simms says, “Shipping pools can be an attractive...
April 19th, 2017 | Markets, Reports, Taxation | Read More

Daily Wealth Letter from The Wealth Forums 03 Oct. 2016

Daily Wealth Letter from The Wealth Forums 03 Oct. 2016
Ian Brodie Daily Wealth letter a daily synopsis of the wealth news that’s most relevant, timely and dependable Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com) NUMBER 309  MONDAY,  OCTOBER 3, 2016 Indictments in Monte dei Paschi case A judge in Milan on Saturday charged...
October 3rd, 2016 | Banking, Events, Conferences,Forums and Symposiums, Reports, Taxation | Read More

Hot Port News from GAC

Hot Port News from GAC
  06-Sep-2016 INSTALLATION OF TURBIDITY CURTAINS AT BEDOCK CANAL Singapore WITHDRAWAL OF NON-TAX REVENUE (PNBP) NAVIGATION SERVICE FOR VTS Merak, Indonesia HOUSTON CHANNEL CLOSED DUE TO VESSEL FIRE Houston, USA Installation of turbidity curtains at Bedock Canal Tuesday, September...
September 6th, 2016 | Port Conditions, Ports & Terminals, Taxation | Read More

BIFA backs call for end to shipping line surcharges

BIFA backs call for end to shipping line surcharges
Robert Keen The British International Freight Association (BIFA) – www.bifa.org – the trade association for UK freight forwarding and logistics companies, is backing the latest call by shippers for an end to surcharges imposed by shipping lines. “Forwarders do not like shipping line surcharges...
August 4th, 2016 | Associations, Logistics, Taxation, Trade and Commerce | Read More

Daily Wealth Letter from The Wealth Forums 26 July 2016

Daily Wealth Letter from The Wealth Forums 26 July 2016
Ian Brodie Daily Wealth letter a daily synopsis of the wealth news that’s most relevant, timely and dependable Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com) NUMBER 261  TUESDAY,  JULY 26,  2016 Singapore braces for loss of Indonesian funds Singapore’s wealth...
July 26th, 2016 | Reports, Taxation | Read More

Daily Wealth Letter from The Wealth Forums 07 July 2016

Daily Wealth Letter from The Wealth Forums 07 July 2016
Richard Moir, The Wealth Forums CEO Daily Wealth letter a daily synopsis of the wealth news that’s most relevant, timely and dependable Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com) NUMBER 248  THURSDAY,  JULY 7,  2016 Post-Brexit property flurry The plunge in...
July 7th, 2016 | Art and auctions, Reports, Taxation | Read More

Theodore E. Veniamis on UGS’s response to the EU’s Commission Decision on tax issues…

Theodore E. Veniamis on UGS’s response to the EU’s Commission Decision on tax issues…
Theodore E. Veniamis, the UGS president Executive Summary of the Union of Greek Shipowners response which has been an integral part of the Hellenic reply to the EU Commission Decision on the investigation of Greek Tonnage Tax System The 120 page paper which has been scrutinised by lawyers well versed...
June 14th, 2016 | European Union, Organisations, Politics and Government, Shipping Centers, Taxation | Read More

The Non Domiciled Concept and further tax benefits in becoming Cyprus tax resident

The Non Domiciled Concept and further tax benefits in becoming Cyprus tax resident
  From Christodoulos G. Vassiliades & Co LLC on the issue of  the Non Domiciled Concept:  The Non Domiciled Concept and further tax benefits in becoming Cyprus tax resident A Cyprus tax resident individual who spends more than 183 days in the Republic of Cyprus would only be liable for Income...
June 14th, 2016 | Taxation | Read More

Hot Port News from GAC

Hot Port News from GAC
  13-May-2016 GENERAL PRICE INCREASE FOR FY 2016/17 New South Wales ports, Australia General Price increase for FY 2016/17 Friday, May 13, 2016, New South Wales ports, Australia [The] Port Authority of New South Wales (Port Authority) will increase prices applicable to all vessels...
May 13th, 2016 | Ports & Terminals, Taxation | Read More

Moore Stephens shipping newsletter Spring 2016 issue

Moore Stephens shipping newsletter Spring 2016 issue
Viewers can find herebeow the latest issue of Bottom Line, the Newsletter from the Moore Stephens shipping team. This Spring 2016 edition includes articles on: New lease accounting standards Crew entitlement to UK pension rights Key points on cyber security, and Potential VAT opportunities for holding...
April 29th, 2016 | Accountancy, Communication, HR, IT and Communications, Manning - Seafarers and Offshore, Shipmanagement, Taxation | Read More

BIFA says trade regulation set to get event more stringent

BIFA says trade regulation set to get event more stringent
Robert Keen The British International Freight Association (BIFA), the trade association for over 1, 500 UK freight forwarding and logistics companies, notes that HMRC is placing ever-increasing emphasis on compliance, with stricter enforcement being an inevitable outcome. BIFA reminds its members constantly...
April 28th, 2016 | Associations, Organisations, Politics and Government, Taxation | Read More

The Globalization and the need of the second Citizenship

The Globalization and the need of the second Citizenship
Panayiotis Michaelides In the previous decades we experienced the globalization of trade and capital which changed completely the world’s economy.  In the last 5 years we experience the phenomenon of globalization of people which today appears with increasing trends. We get to hear more often the...
April 26th, 2016 | Company Profiles, Construction, Holidays, Immigration, Marinas, Maritime Tourism, People and Places, Taxation, Tourism | Read More

Cyprus Yacht leasing scheme; VAT as low as 2.42%

Cyprus Yacht leasing scheme; VAT as low as 2.42%
From Christodoulos G. Vassiliades & Co LLC : The guidelines issued by the Cypriot VAT authorities with regards to the registration of yachts, simple to comprehend and apply, make Cyprus one of the most attractive jurisdictions in the EU in this area, reducing the effective VAT rate for yacht registration...
April 25th, 2016 | European Union, Flags, Legal, News, Sports, Taxation, Yachting | Read More

Ship Management Companies under the Cyprus Tonnage Tax System

Ship Management Companies under the Cyprus Tonnage Tax System
The growth in the Ship Management revenues to €464 million for the first half of 2015 demonstrates the enduring strength of this sector in Cyprus, corresponding to 5, 4% of Cyprus’ GDP, as well as its global competiveness.  The simplicity in the procedures of the Cyprus Ship Registry, the strategic...
April 20th, 2016 | Accountancy, Flags, Shipmanagement, Taxation | Read More