Brussels, 26/02/2009 (Agence Europe) - On Wednesday 25 February, the European Commission decided to authorise an amendment of the Irish tonnage tax related to time charter rules as it contributes to the development of Community maritime policy.
In 2002, the Commission approved the Irish tonnage tax scheme until the year 2012. In 2007, the Irish authorities indicated their intention to modify the “time charter” rules of the scheme. A time chartered ship is one chartered with crew for a...