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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. RELATED LEGISLATION
Part I / Laws Part II / Subsidiary Legislation
Related Regulations
Related Notifications
Related Circulars
  • 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)".
  • Circular 19/2019: Cyprus Tonnage Tax System (Law 44(I)/2010): Flags which appear on the Grey List and Black List of the Paris MOU for the Fiscal Year 2019.
  • Circular 1/2019: 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 2019.
  • Circular 18/2018: Cyprus Tonnage Tax System (Law 44(I)/2010): Flags which appear on the Grey List and Black List of the Paris MOU for the Fiscal Year 2018.
  • Circular 27/2017: 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 2018.
  • Circular 20/2017: Cyprus Tonnage Tax System (Law 44(I)/2010): Flags which appear on the Grey List and Black List of the Paris MOU for the Fiscal Year 2017.
  • Circular 35/2016: 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 2017.
  • Circular 33/2016: Cyprus Tonnage Tax System (Law 44(I)/2010): Flags which appear on the Grey List and Black List of the Paris MOU for the Fiscal Year 2016.
  • See all TTS related circulars here.

RELATED FORMS
  • 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.
  • 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.
  • 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.