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The Irish Tonnage Tax Report 2015
Boat loaded with containers

The Irish Maritime Development Office (IMDO), established in 1999, is the national agency responsible for developing Ireland’s maritime industry and advising the government on policy to drive economic growth and employment. A key initiative is the report Ship Finance: Opportunities for the International Shipping Industry, prepared with KPMG and Dillon Eustace, which highlights Ireland’s advantages as a ship financing hub. These advantages include strong business fundamentals, a rapidly growing economy, and a competitive tax regime featuring a 12.5% corporate tax rate and favorable maritime finance policies. Additionally, Ireland’s legal system, based on common law, offers stability and efficiency for maritime businesses. The report concludes that Ireland’s success in sectors like aircraft leasing positions it well to become a leading center for ship finance, attracting global investment and fostering industry expansion.