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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) Laws of 2010-2020 (Law 44(I)/2010 as amended by Law 39(I)/2020).

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.
    New! Please study the new scheme related to the provisioning of environmental incentives for the Tonnage Tax System RELATED LEGISLATION
    Part I / Laws Part II / Subsidiary Legislation
    Related Regulations
    Related Notifications

    Related Circulars
    • Circular 9/2022: Calculation of the Global Share for the Owners of Foreign Ships, Charterers and Ship Managers for the fiscal year 2022
    • Circular 39/2021: Cyprus Tonnage Tax System (Law 44(I)/2010 as amended): Flags which appear on the Grey List and Black List of the Paris MOU for the Fiscal Year 2021
    • Circular 13/2021: Cyprus Tonnage Tax System (Law 44(I)/2010 as amended): Calculation of the Global Share for the Owners of Foreign Ships, Charterers and Ship Managers – applied for the fiscal year 2021.
    • Circular 8/2021: Cyprus Tonnage Tax System (Law 44(I)/2010 as amended): Reduction of tonnage tax as per environmental incentives-The Tonnage Tax (Environmental Incentives) Order of 2021
    • Circular 26/2020: Cyprus Tonnage Tax System (Law 44(I)/2010 as amended): Indicative directions of the Shipping Deputy Minister for the imposition of administrative fines.
    • Circular 21/2020: Cyprus Tonnage Tax System (Law 44(I)/2010 as amended): Flags which appear on the Grey List and Black List of the Paris MOU for the Fiscal Year 2020.
    • Circular 11/2020: New Cyprus Tonnage Tax Legislation: The Merchant Shipping (Fees and Taxing Provisions) Laws of 2010 and 2020 (Law 44(I)/2010 as amended by Law 39(I)/2020) (hereinafter “the Law”)-The Tonnage Tax (Ancillary Activities to Maritime Transport) Notification of 2020.
    • Circular 10/2020: New Cyprus Tonnage Tax Legislation: The Merchant Shipping (Fees and Taxing Provisions) (Amendment) Law of 2020 (Law 39(I)/2020).
    • Circular 9/2020: Tonnage Tax for Owners of Cyprus ships and Cyprus Registry Maintenance Annual Fee- Extension of date of payment during COVID-19 outbreak.
    • Circular 2/2020: Cyprus Tonnage Tax System (Law 44(I)/2010): Calculation of the Global Share for the Owners of Foreign Ships, Charterers and Ship Managers – applied for the fiscal year 2020.
    • Circular 1/2020: Prolongation of "The Merchant Shipping (Fees and Taxing Provisions) Law of 2010 (Law 44 (I)/2010)".
    • See all TTS related circulars here.

    RELATED FORMS
    • Declaration forms for the year 2021
    • FORM MS TT 2Α: Declaration form 2021 - Owners of Foreign Ships.
    • FORM MS TT 2Β: Declaration form 2021 - Charterers.
    • FORM MS TT 2C: Declaration Form 2021 - Shipmanagers.
    • Declaration forms for the year 2020
    • FORM MS TT 2Α: Declaration form 2020 - Owners of Foreign Ships.
    • FORM MS TT 2Β: Declaration form 2020 - Charterers.
    • FORM MS TT 2C: Declaration Form 2020 - Shipmanagers.
    • Declaration forms for the year 2019
    • FORM MS TT 2Α: Declaration form 2019 - Owners of Foreign Ships.
    • FORM MS TT 2Β: Declaration form 2019 - Charterers.
    • FORM MS TT 2C: Declaration Form 2019 - Shipmanagers.
    • 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.
    • Other forms
    • FORM MS TT 3-N: Qualifying Towage Activities.
    • FORM MS TT 4-N: Qualifying Dredging Activities.
    • FORM MS TT 5-N: MLC Financial Liability for claims in case of death or disability.
    • FORM MS TT 6-N: MLC Private Contractual Arrangements for Compliance with the Convention.
    • FORM MS TT 7-N: 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 8Β-N: Declaration Of Auditors / Legal Representative Of An Owner Of Foreign Ships Admitted To The Tonnage Tax System.
    • FORM MS TT 8C-N: Declaration Of Auditors / Legal Representative Of A Charterer Admitted To The Tonnage Tax System.
    • FORM MS TT 8D-N: Declaration Of Auditors Of A Ship Manager Admitted To The Tonnage Tax System.
    • FORM MS TT 13A-N: Declaration of the Registered Owner of a Cyprus Ship.
    • FORM MS TT 13B-N: Declaration of the Registered Owner of a Cyprus Ship Registered Under the Status of Parallel Out Registration.
    • FORM MS TT 13C-N: Declaration of Owners of Foreign Ships for Bareboat Chartering Out.