Cyprus Tonnage Tax
The Cyprus Tonnage Tax System is an EU-approved alternative to corporate income tax for qualifying shipping activities. Calculate your estimated tax and learn about the benefits of registering under the Cyprus scheme.
The vessel's net tonnage as per registration documents
Alternative fuels, IMO environmental standards, emission reduction
Enter Vessel Details
Fill in the form to calculate your estimated Cyprus Tonnage Tax
Rates are approximate and may vary. Contact professionals for exact comparisons.
Current Tonnage Tax Rates (2026)
| Net Tonnage Range | Rate (€/100 NT/year) |
|---|---|
| 0 — 1,000 NT | €36.50 |
| 1,001 — 10,000 NT | €31.03 |
| 10,001 — 25,000 NT | €20.08 |
| 25,001 — 40,000 NT | €12.78 |
| 40,001 — ∞ NT | €7.30 |
Green Discount: Up to 30% reduction for vessels meeting environmental standards (alternative fuels, emission reduction).
Benefits of Cyprus Tonnage Tax
Approved by the European Commission, providing legal certainty and compliance with EU state aid rules.
Tax based on net tonnage, not profits. Easy to budget and plan for, regardless of market conditions.
Up to 30% discount for environmentally compliant vessels, rewarding sustainable shipping practices.
Covers a wide range of qualifying vessels including cargo, tankers, passengers, and offshore support vessels.
The Cyprus TT scheme has been extended until 2030, providing long-term planning stability.
Straightforward calculation and reporting requirements through the Department of Merchant Shipping.
Who Can Apply?
Ship owners with vessels registered under the Cyprus flag
Ship managers providing crew and technical management services
Charterers operating vessels in qualifying activities
Companies with qualifying income from shipping operations
Need Help Getting Started?
Our network of maritime lawyers and tax advisors can assist with registration, compliance, and optimization.
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