A shipping company operating vessels it doesn't own — does it get the same exemption?

Not necessarily. Activities such as owning vessels, managing them, and their commercial operation can each independently meet the exemption conditions, separate from one another. This means a company specialised in managing and operating a fleet owned by a third party can benefit from the same treatment, as long as its actual activity satisfies the conditions.

Shipping and maritime logistics is a sector with a lot of detail that affects the tax classification. At RASEEKH, we understand the nature of your operating contracts before determining your eligibility for the exemption.