IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2018 | Removal date: open ended
Still in force

Tax or social insurance relief

Another change introduced on Provisional Measure 795/2017 refers to other tax benefits, particularly to the maximum percentages benefitting from a 0% withholding income tax on remittances in the case of bareboat charter agreements. With this regard, Article 2 of the new legislation has decreased the applicable percentages as it follows starting on January 1, 2018: 

  • from 85% to 70% in the case of floating systems for production or storage and unloading;
  • from 80% to 60% for systems for drilling, completion and maintenance of wells; and
  • from 65% to 50% for other types of vessels.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

333 Petroleum oils & oils of bituminous materials, other than crude
334 Petroleum gases & other gaseous hydrocarbons, except natural gas
335 Petroleum jelly, coke or bitumen; paraffin wax & similar products

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