Tonnage taxation

A shipowner fulfilling the preconditions for tonnage tax may select a tonnage tax instead of an income tax for cargo and passenger transport and operations closely related to such transport. The objective of tonnage tax is to strengthen the operating conditions of shipping so that Finnish vessels can better succeed in international competition and have an opportunity to safeguard Finnish shipping and the security of supply. The tonnage tax makes it possible to operate as large a portion as possible of foreign trade export and import transports, as well as passenger traffic, with tonnage under the Finnish flag, which employs Finnish seafarers.

Finnish Shipowners’ Association