The EU Commission approves under EU State aid rules the extension of the existing Danish tonnage tax scheme to additional types of vessels

State aid: Commission approves extension of Danish tonnage tax scheme to new types of vessels* The European Commission has approved under EU State aid rules the extension of the existing Danish tonnage tax scheme to additional types of vessels. This will encourage ship registration in Europe and contribute to the global competitiveness of the sector without unduly distorting competition. At the same time, Denmark will amend its existing scheme to ensure that it applies only to genuine maritime shipping activities by limiting revenues from non-core activities to an acceptable level. Commissioner Margrethe Vestager in charge of competition policy, said: "Denmark's revised tonnage tax scheme will help the shipping industry remain competitive on the global market. It will preserve jobs

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European Commission, The EU Commission approves under EU State aid rules the extension of the existing Danish tonnage tax scheme to additional types of vessels, 12 October 2018, e-Competitions Bulletin November 2018, Art. N° 88061

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