Belgium, France Asked to Remove Tax Exemptions for Ports

Image Courtesy: Port of Antwerp Authority

The European Commission has asked Belgium and France to abolish the corporate tax exemptions granted to their ports, so as to align their tax regime with EU state aid rules.

In Belgium, a number of sea and inland waterway ports, notably the ports of Antwerp, Bruges, Brussels, Charleroi, Ghent, Liège, Namur and Ostend, as well as along the canals in Hainaut Province and Flanders, are exempt under Belgian law from the general corporate income tax regime.

These ports are subject to a different tax regime, with a different taxable base and tax rates, resulting in an overall lower level of taxation for Belgian ports as compared to other companies in Belgium.

Most French ports, notably the 11 “grands ports maritimes” of Bordeaux, Dunkerque, La Rochelle, Le Havre, Marseille, Nantes-Saint-Nazaire, Rouen, Guadeloupe, Guyane, Martinique and Réunion, as well as the Port autonome de Paris, and ports operated by chambers of industry and commerce, are fully exempt from corporate income tax under French law.

The Commission said it considers that the corporate tax exemptions granted to Belgian and French ports “provide them with a selective advantage, in breach of EU state aid rules.”

Belgium and France now have until the end of 2017 to take the necessary steps to remove the tax exemption in order to ensure that all ports are subject to the same corporate taxation rules as other companies from January 1, 2018.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Singapore Maritime Week 2018

Singapore Maritime Week (SMW), organised annually by Maritime and Port Authority of Singapore (MPA) and attracts…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >