Europe

Athens opts for dividend tax for Greek owners

Photo of Sam Chambers Sam ChambersFebruary 8, 2019
10 Less than a minute

Greek shipowners have come to an agreement with their government on a change to how they are taxed.

The president of the Union of Greek Shipowners (UGS) Theodoros Veniamis has revealed Athens will now charge a 10% dividend tax rather than its earlier method of charging a double tonnage tax.

Veniamis was speaking at UGS’s annual general meeting in which he also hightlighted how the Greek fleet has continued to grow over the past year.

According to the latest data from VesselsValue, the Greek merchant fleet has increased in value by more than $5bn over the past year to be worth more than $100bn.

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Photo of Sam Chambers Sam ChambersFebruary 8, 2019
10 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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