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The Cyprus Tonnage Tax System (TTS), which has been approved by the European Commission as compatible with the Guidelines on State Aid to Maritime Transport, provides a stable fiscal environment for Cyprus Shipping in the long term. The TTS is applicable as from the fiscal year 2010 and governed by the Merchant Shipping (Fees and Taxing Provisions) Law of 2010 (Law 44(I)/2010).

Beneficiaries

  • Owners of Cyprus ships
  • Owners of foreign ships
  • Charterers
  • Ship managers

Qualifying owners of Cyprus and foreign ships, charterers and ship managers are subject to an annual tonnage tax which is calculated on the net tonnage of the qualifying ships they own, charter or manage. Related Notifications
Related Forms
  • Declaration forms for the year 2018
  • FORM MS TT 2Α: Declaration form 2018 - Owners of Foreign Ships.
  • FORM MS TT 2Β: Declaration form 2018 - Charterers.
  • FORM MS TT 2C: Declaration Form 2018 - Shipmanagers.
  • Declaration forms for the year 2017
  • FORM MS TT 2Α: Declaration form 2017 - Owners of Foreign Ships.
  • FORM MS TT 2Β: Declaration form 2017 - Charterers.
  • FORM MS TT 2C: Declaration Form 2017 - Shipmanagers.
  • Declaration forms for the year 2016
  • FORM MS TT 2Α: Declaration form 2016 - Owners of Foreign Ships.
  • FORM MS TT 2Β: Declaration form 2016 - Charterers.
  • FORM MS TT 2C: Declaration Form 2016 - Shipmanagers.
  • Declaration forms for the year 2015
  • FORM MS TT 2Α: Declaration form 2015 - Owners of Foreign Ships.
  • FORM MS TT 2Β: Declaration form 2015 - Charterers.
  • FORM MS TT 2C: Declaration Form 2015 - Shipmanagers.
  • Other forms
  • FORM MS TT 3: Qualifying Towage Activities.
  • FORM MS TT 4: Qualifying Dredging Activities.
  • FORM MS TT 5: MLC Financial Liability for claims in case of death or disability.
  • FORM MS TT 6: MLC Private Contractual Arrangements for Compliance with the Convention.
  • FORM MS TT 7: ISM Code for Technical Shipmanagers.
  • FORM MS TT 8: Form Owners Cyprus ships.
  • FORM MS TT 8A: Form Owners Cyprus ships (natural person).
  • FORM MS TT 8B: Declaration Of Auditors / Legal Representative Of An Owner Of Foreign Ships Admitted To The Tonnage Tax System.
  • FORM MS TT 8C: Declaration Of Auditors / Legal Representative Of A Charterer Admitted To The Tonnage Tax System.
  • FORM MS TT 8D: Declaration Of Auditors Of A Ship Manager Admitted To The Tonnage Tax System.