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Monday, April 23, 2018

PORT COSTS

Algeria –VAT in Algerian ports

Since 01 January 2001 VAT in Algeria is 17% on all items except VAT on brokerage, which is still 7%. There is no VAT on quay dues.

Source: Worms Services Maritimes, Paris

India – service tax on port services

In Weekly NEWS No. 26/2001 of 29 June, INTERTANKO wrote an article about the new service tax of 5% on port services, which was implemented 1 July 2001. The tax is not a significant enough rise in port costs to warrant the issue of an interim amendment, according to the Worldscale Association.

INTERTANKO has written to the Government of India urging that the tax be postponed until 1 October 2001, with reference to Article 4 of the Statute on the International Regime of Maritime Ports, and to give adequate pre-advice when any implementation of future cost changes is planned.