15 January 2018 Danish Court ruling gives rise to uncertainty in respect of certain requirements under Danish Tonnage Tax Act In a December 10 administrative ruling, five Danish resident shipping companies were considered to carry out the strategic and commercial management in Denmark of ships that were time-chartered to nonresident group companies, and technically managed by nonresident group companies. According to the administrative ruling, the companies were thus subject to the Danish tonnage tax scheme. The Ministry of Taxation appealed this ruling to the Eastern High Court, which ruled in favor of the Danish tax authorities on January 3 as a consequence of the five shipping companies relinquishing their cases. Document ID: 2018-0097 |
