The French tax agency publishes an administrative doctrine on the exceptional deduction for commercial vessels and clean energy boats


The Directorate General of Public Finances published on June 10 an administrative doctrine on an exceptional deduction for equipment authorizing merchant ships powered by energy under the real tax regime. The administrative doctrine includes: 1) the eligibility conditions for companies, ships and boats; 2) a deduction of 125% for new equipment facilitating low-carbon hydrogen propulsion and a deduction of 105% for liquefied natural gas (LNG) for specific energy production purposes; 3) an 85% deduction for products used in the treatment of exhaust gas impurities; 4) a 20% deduction for specific products used for power supply during stopovers and low carbon propulsion; …

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