Crisis: Greece, Athens eyes shipping revenues

26 October, 11:57

(ANSAmed) - ATHENS, OCTOBER 26 - The new agreement between the Greek government and the country's creditors provides for the signing of a memorandum of understanding by the former and merchant marine shipowners to secure some 200 million euros in extra state revenues for the period 2013 to 2016 through the payment of cargo tax, as daily Kathimerini reports. The head of the Hellenic Shipowners Association, Theodoros Veniamis, recently stated that Greek shippers understand the severity of Greece's fiscal woes and are willing to contribute to the national effort via tax revenues that the country needs. The current law provides for Greek-flagged ships to be taxed according to their capacity, while companies with ships under foreign flags are not taxed as their profits come from activities outside Greece. Shipowners have also expressed their intention to strengthen the national register with more ships, provided that the Merchant Marine and Aegean Ministry accelerates the procedures for reducing bureaucracy in registering ships and makes moves to bolster the competitiveness of the Greek flag. (ANSAmed).

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