TTM02100 - Tonnage tax elections: How to elect?

Company or group election

A tonnage tax election may be made by

  • a qualifying single company (a 바카라 사이트˜company election바카라 사이트™), or

  • a qualifying group (a 바카라 사이트˜group election바카라 사이트™).

Group election

A group election must be made jointly by all the qualifying companies in the group. (See TTM12010 on the extended definition of 바카라 사이트˜group바카라 사이트™ for tonnage tax purposes.)

Once made a group election applies to all the qualifying companies in a group.

References

FA00/SCH22/PARA7 (group or company election) TTM17031
FA00/SCH22/PARA9 (2) (group election to be made jointly) TTM17041
Form of election TTM02110