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Due to the consequences of the pandemic, the provision on minimum income per vessel for the recognition of fixed costs has been suspended
Photo: Pixabay.com
At the beginning of the pandemic, the Association of Chartered Vessel Accommodation Providers sent a proposal to the Ministry of Finance in April 2020 to suspend the provision that requires a minimum revenue of 7% of the purchase value of the vessel in order for the vessel's costs to be tax deductible. After consultations with representatives of the Tax Administration and the argumentation of the suspension proposal, the Ordinance...
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