Greek owners stump up extra cash for state budget

The Union of Greek Shipowners decided yesterday at an extraordinary general meeting to extend the voluntary contribution its members pay to the Greek state for another year through 2018.

Athens anticipates this voluntary contribution will amount to around EUR40m next year.

The voluntary contribution is beyond the owners’ annual tax bill, which has been the source of much controversy in recent years.

Account firm Deloitte’s tax services department released a comparative study of the tax frameworks for shipowners in Greece compared to the rest of Europe.

Deloitte statistics show that a Greek shipowner pays an annual tax of EUR68,328 for a supramax bulker, while a German owner would pay just EUR23,850 for the same 58,000 dwt ship.

European Union officials have lashed Athens and the Greek shipowning community in recent months for their failure to pay the right amount of tax.

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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