Knowledge Marine & Engineering Works Limited has informed the Exchange regarding a press release dated December 23, 2025, titled "Shifting from Corporate Tax to Tonnage Tax".
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Knowledge Marine & Engineering Works Limited has informed the stock exchange about a press release dated December 23, 2025, regarding the company's decision to shift from the Corporate Tax regime to the Tonnage Tax regime. Tonnage Tax is a special taxation framework available to shipping and marine companies, where the tax liability is calculated based on the tonnage capacity of vessels rather than actual profits. This move is typically adopted by shipping firms to gain tax predictability and reduce their effective tax burden. The press release outlines the rationale and benefits of this transition for the company.
This shift is likely to lower the company's effective tax outgo and improve after-tax profitability over time, which is positive for shareholders. However, the stock price impact may be modest as the shipping industry was already anticipating such a transition.