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Income taxes
 12 Months Ended
Dec. 31, 2024
Income taxes  
Income taxes

12.   Income taxes

The components of income tax are as follows:

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For the years ended December 31

In thousands of U.S. Dollars

    

2024

    

2023

    

2022

Current tax expenses

​

(215)

 

(435)

 

(207)

Income tax expense for year

​

(215)

 

(435)

 

(207)

​

The differences between income taxes expected at the Marshall Islands statutory income tax rate for non-resident companies of zero percent and the reported income tax expense are summarized as follows.

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For the years ended December 31

 

​

    

2024

    

2023

    

2022

 

Marshall Islands statutory income tax rate

 

0.00

%  

0.00

%  

0.00

%

Income subject to tax in other jurisdictions

 

0.16

%  

0.37

%  

0.15

%

Effective tax rate

 

0.16

%  

0.37

%  

0.15

%

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