Shipping Update January 2024

1. Corporate income tax

1.1 Corporate income tax rates

The Dutch corporate income tax ("CIT") rates for 2024 are as follows:

1.2 No national exemption to the EU/EEA flag requirement in 2024

One of the conditions for applying the Dutch tonnage tax regime to a vessel that is owned, co-owned or held in bareboat charter and for which the taxpayer performs the management to a substantial degree in the Netherlands, is that the vessel flies an EU/EEA flag. The national exemption to this flag requirement applies if it has been determined by ministerial regulation that the percentage of net tonnage of vessels qualifying for the tonnage tax regime and that fly an EU/EEA flag with respect to the total net tonnage of vessels qualifying for the tonnage tax regime in a certain period (at national level) has not decreased using a three year average compared to the previous period.