Apart from reducing the incidence of taxation, the tonnage tax regime in its maiden year has enabled shipping companies to plough back the deferred tax liability into books. All the four shipping companies including GE Shipping, Essar Shipping, Varun Shipping and Shreyas Shipping have reversed the deferred tax liability cumulatively in excess of Rs 100 crore.
Green Marine
about 21 years ago
Tonnage tax enables shipping firms to plough back tax liability into books
Apart from reducing the incidence of taxation, the tonnage tax regime in its maiden year has enabled shipping companies to plough back the deferred tax liability into books. All the four shipping companies including GE Shipping, Essar Shipping, Varun Shipping and Shreyas Shipping have reversed the d
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