Blog
Cyprus Shipping Chamber praises renewal of shipping taxation system by House
May 15, 2020
The Cyprus Shipping Chamber (CSC) said the maritime industry will greatly benefit from the renewal of the shipping taxation system, which was unanimously approved by the House plenum on Wednesday.
“The unanimous vote in parliament will ensure Cyprus has a prominent place in the shipping world for many years to come,” the CSC said.
According to the CSC, the renewed shipping taxation system fully covers the three basic shipping activities that are offered today in international shipping: ship-owning, ship management and the chartering of vessels, maintaining Cyprus as a major shipping force in Europe and the rest of the world.