Shipping companies need to take a critical look at their business models. Map your tax regime and route to Porgugal, one of the world´s most important shipping nations.
Vital tool in the growth and development of shipping. RINMAR or Tax Tonnage Scheme are the gateway to the devolpment of Shipping.
The measures implemented develop maritime and other sectors of the economics connected with ship transportation of cargoes and passengers.
Net Tonnage | Daily Taxable Income for Each 100 net Tonnes |
---|---|
Up to 1,000 net tonnes | € 0.75 |
1,001-10,000 net tonnes | € 0.60 |
10,001-25,000 net tonnes | € 0.40 |
Over 25,001 net tonnes | € 0.20 |
Crew members that are employed on vessels eligible under the tonnage tax regime can be exempt from paying personal income tax (IRS). A minimum of 90 days on board the vessel is required in each tax year, as well as meeting a number of other conditions.
The new scheme also allows the crew to pay reduced social security contributions; total rate of 6%, 4.1% paid by the employer and 1.9% by the member of the crew.
Crew members will be covered by the general social security regime and shall be entitled to parental, unemployment, illness, occupational illness, disability, old age and death benefits, subject to a contribution rate of 6% (4.1% paid by the employer and 1.9% by the crew member).
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