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EU: Commission probes Polish shipyards’ tax rate

By  |  January 15, 2018

On Monday, January 15, the European Commission opened an investigation into tax incentives for shipyards in Poland, saying it had concerns the scheme would give an unfair advantage to companies reported Reuters.

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    Under the Polish plan, shipmakers can pay a flat-rate tax on sales from the building and conversion of ships. The Commission said such a measure could be seen as “operating aid,” which is illegal under EU rules.

    “The Commission will now investigate further to determine whether its initial concerns are confirmed,” the EU’s competition watchdog said in a statement.

    Separately, the regulator cleared a Polish scheme to aid small and medium-sized companies in the shipbuilding sector with grants and subsidies, saying the program would encourage new investments and modernize the sector.

    Full Content: Reuters

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