In order to streamline the system of registration of shipping organisations that wish to benefit from the benefits contemplated in the Merchant Shipping (Taxation and Other Matters
Relating to Shipping Organisations) Regulations, 2018, and for a ship to be declared a tonnage tax ship in terms of the said Regulations, the Directorate recommends adoption of the
following procedure with effect from 1 May 2018:
- The written request for the registration of the shipping organisation should be submitted in the format of the sample letter as per the Annex to this Notice;
- The request letter shall be addressed to this Directorate;
- On confirmation of the accuracy of the details submitted and compliance with the provisions of the Regulations, the Registrar will confirm whether a ship can be declared as a tonnage tax ship.
In order to ensure that the system is implemented in a proper manner in the interest of all parties, existing shipping organisations having ships already registered in terms of the Merchant
Shipping Act and wishing to benefit from the benefits contemplated in the Regulations, shall submit the written request by not later than 1 July 2018.
To read the complete Merchant Shipping Notice 143, click here.