Singapore does not operate a tonnage tax system. Instead, it adopts a liberal shipping policy which encourages companies to both register their ships in Singapore and also to locate their shipping and marine-related business in Singapore. In order to help promote its development into an international maritime centre, Singapore provides various tax incentives for shipowners / operators and shipping-related support service providers.
- Maritime Sector Incentive – Singapore Registry of Ships (“MSI - SRS”) Scheme
- Maritime Sector Incentive – Approved International Shipping (“MSI - AIS”) Scheme
- Maritime Sector Incentive – Maritime Leasing (“MSI - ML”) Scheme
- Maritime Sector Incentive –Maritime Leasing (Container) (“MSI – ML (Container)”)
- Maritime Sector Incentive – Supporting Shipping Services (“MSI - SSS”) Scheme
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