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The Cyprus Tonnage Tax System

  • The relevant leaflet with an overview of the new tonnage tax system is available in the following languages:
  • The Merchant Shipping (Fees and Taxing Provisions) Law of 2010.
  • Calculator for the Tonnage Tax for qualifying owners and charterers of Cyprus and foreign ships.
  • Calculator for the Tonnage Tax for qualifying ship managers of Cyprus and foreign ships.
  • electronic Tonnage Tax System (eTTS)
  • electronic Tonnage Tax System: User’s Manual
  • Guide to Cyprus Tonnage Tax System (TTS).

    Related Circulars
  • Circular 22/2013: Cyprus Tonnage Tax System (Law 44(I)/2010): Flags which appear on the Grey List and Black List of the Paris MOU for the Fiscal Year 2013.
  • Circular 12/2013: Cyprus Tonnage Tax System (Law 44(I)/2010) Revised Form MSTT8 - Declaration of Registered Owner/Registered Bareboat Charterer of a Cyprus Ship.
  • Circular 11/2013: Payment of financial obligations Extension of date of payment of financial obligations.
  • Circular 8/2013: Payment of financial obligations.
  • Circular 7/2013: Cyprus Tonnage Tax System (Law 44(I)/2010): Form MSTT8B – Declaration of Auditors/Legal Representative of an Owner of Foreign Ships; Form MSTT8C–Declaration of Auditors/Legal Representative of a Charterer; Form MSTT8D–Declaration of Auditors of a Ship Manager.
  • Circular 53/2012: Cyprus Tonnage Tax System (Law 44(I)/2010): Calculation of the Global Share for the Owners of Foreign Ships, Charterers and Ship Managers – applied for the fiscal year 2013.
  • Circular 45/2012: Notifications sent by Inland Revenue Department to shipping companies to submit income tax returns for the period before 31/12/2009.
  • Circular 44/2012: Cyprus Tonnage Tax System (Law 44(I)/2010): Taxation of Owners of Yachts/ Pleasure Craft registered in the Register of Cyprus Ships
  • Circular 42/2012: Cyprus Tonnage Tax System (Law 44(I)/2010): Flags which appear on the Grey List and Black List of the Paris MOU for the Fiscal Year 2012
  • Circular 22/2012: New Cyprus Tonnage Tax Legislation: The Merchant Shipping (Fees and Taxing Provisions) Law of 2010 (Law 44(I)/2010) Notifications to submit Company Income Tax Return and/or Employer´s Return issued by the Inland Revenue Department.
  • Circular 18/2012: New Cyprus Tonnage Tax Legislation: The Merchant Shipping (Fees and Taxing Provisions) Law of 2010 (Law 44(I)/2010) - Notifications
  • Circular 11/2012: Cyprus Tonnage Tax System (Law 44(I)/2010) Revised Forms MSTT8/ MSTT8A - Declaration of Owner of a Cyprus Ship – Amendment of Circular No. 6/2012: Bareboat Charterer (Parallel - in Registration).
  • Circular 6/2012: Cyprus Tonnage Tax System (Law 44(I)/2010) Revised Forms MSTT8/MSTT8A - Declaration of Owner of a Cyprus Ship.
  • Circular 3/2012: Cyprus Tonnage Tax System (Law 44(I)/2010): Flags which appear on the Grey List and Black List of the Paris MOU for the Fiscal Year 2011.
  • Circular 2/2012: Cyprus Tonnage Tax System (Law 44(I)/2010): Declaration for Taxation for the Fiscal Year 2011
  • Circular 21/2011: Tonnage Tax Arms Length Principle May 2011.
  • Circular 13/2011: Cyprus Tonnage Tax System (Law 44(I)/2010): Calculation of the Community - flagged Share (sections 15, 25 and 35 of the Law) "The 2/3 Rule" (section 33 of the Law) Minimal Share of Fleet in Ownership (section 47 of the Law).
  • Circular 8/2011: Tonnage Tax System - Τhe Merchant Shipping (Fees and Taxing Provisions) Law of 2010 (Law 44(I)/2010) – Interpretation of the term Community ship in the case of Parallel (bareboat Charter) registration.
  • Circular 42/2010: Tonnage Tax System -Τhe Merchant Shipping (Fees and Taxing Provisions) Law of 2010 (Law 44(I)/2010) – Interpretation of the term Community ship in the cases of Parallel (bareboat Charter) registration.
  • Circular 31/2010: Tonnage Tax System - Preparatory Work for the Smooth Implementation of the Merchant Shipping (Fees and Taxing Provisions) Law of 2010 (Law 44(I)/2010)


    Related Notifications
  • Index of Notifications
  • The Taxation of Owners of Cyprus Ships Notification of 2010 (PI 352/2010). (Repealed)
  • The Tonnage Tax (Towage and Dredging Activities) Notification of 2010 (PI 353/2010).
  • The Tonnage Tax (Definition of Community ships) Notification of 2010 (PI 354/2010).
  • The Tonnage Tax (Special Provisions on Levy and Collection) Notification of 2010 (PI 417/2010).
  • The Tonnage Tax For Ship Managers (Special Provisions and Requirements) Notification of 2010 (PI 511/2010).
  • The Tonnage Tax (Special Provisions for the Calculation of the Community Flagged Share) Notification of 2010 (PI 536/2010).
  • The Tonnage Tax (Arm΄s Length Principles) Notification of 2012 (P.I. 136/2012)
  • The Taxation of Owners of Cyprus Ships Notification of 2012 (P.I. 137/2012)
  • Τhe Taxation of Owners of Cyprus Ships (Special Provisions on Collection) Notification of 2013 (PI 100/2013). (Repealed)
  • The Taxation of Owners of Cyprus Ships (Special Provisions on Collection) (Number 2) Notification of 2013 (PI 128/2013 (new)


    Related Forms
  • FORM MS TT 1: Application for approval of the option to be taxed under the Cyprus Tonnage Tax System (as from 2012).
  • FORM MS TT 2Α: Declaration form 2012- Owners of Foreign Ships.
  • FORM MS TT 2Β: Declaration form 2012- Charterers.
  • FORM MS TT 2C: Declaration Form 2012- Shipmanagers.
  • FORM MS TT 1: Application for approval of the option to be taxed under the Cyprus Tonnage Tax System.
  • FORM MS TT 2Α: Declaration form 2011- Owners of Foreign Ships.
  • FORM MS TT 2Β: Declaration form 2011- Charterers.
  • FORM MS TT 2C: Declaration Form 2011- Shipmanagers.
  • FORM MS TT 3: Qualifying Towage Activities.
  • FORM MS TT 4: Qualifying Dredging Activities.
  • FORM MS TT 5: MLC Financial Liability for claims in case of death or disability.
  • FORM MS TT 6: MLC Private Contractual Arrangements for Compliance with the Convention.
  • FORM MS TT 7: ISM Code for Technical Shipmanagers.
  • FORM MS TT 8: Form Owners Cyprus ships.
  • FORM MS TT 8A: Form Owners Cyprus ships (natural person).
  • FORM MS TT 8B: Declaration of Auditors / Legal Representative of an Owner of Foreign Ships Admitted to the Tonnage Tax System.
  • FORM MS TT 8C: Declaration of Auditors / Legal Representative of a Charterer Admitted to the Tonnage Tax System.
  • FORM MS TT 8D: Declaration of Auditors of a Ship Manager Admitted to the Tonnage Tax System.


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