Green ships are granted a tonnage tax rebate by Cyprus
Cyprus tends to encourage owners to manage more eco-friendly ships by establishing new taxation system based on tonnage of the vessels.
The government of Cyprus has shared their rewarding policy towards the vessels that will show low figures of CO2 emissions. For those vessels that will take effective steps for reduction of negative environmental effect, Cyprus guarantees 30% concession in taxes.
Ships that have reached required Energy Efficiency Design Index and exceeded it, will be able to get annual tax reduction up to 25%.
Vessels which will show decrease in overall consumption of fuel oil as against the overcome distance, in comparison with preceding period, will get up to 20% reduction.
If the vessels which use other types of fuel can reduce CO2 emissions by perhaps 20 percent compar...




