Europe
Athens opts for dividend tax for Greek owners
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.