European Commission investigates possible Polish state aid for its shipyards

European Commission investigates possible Polish state aid for its shipyards

The European Commission yesterday opened an investigation into tax incentives for shipyards in Poland. The commission believes Warsaw’s flat-rate tax on sales for yards could be construed as operating aid, something that is illegal within the EU.

In September 2016, Poland adopted a law giving shipyards operating in Poland an option to pay a 1% flat-rate tax on sales from the building and conversion of ships, instead of paying the generally applicable 19% corporate tax.

The current Polish administration targeted reviving the nation’s shipyards as a key plank of its economic policies.

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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