Twitter Logo Youtube Circle Icon LinkedIn Icon

The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
Click here for more details

Malta > Legal Developments > Transport > Law firm and leading lawyer rankings

Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Autonomous shipping – Caution required to avert the blind leading the blind

September 2019 - Transport. Legal Developments by Gauci-Maistre Xynou.

More articles by this firm.

The lure of unmanned transport services is no longer a science fiction scenario but a living reality.

Crewless merchant ships are already operating along rivers in Norway, Finland, Singapore and China. The advantages are plentiful because they reduce crewing and fuel consumption costs, increase the safety of life and cargo as well as allow for more efficient use of space in ship design.

Merchant Shipping Directorate issues Non-Convention Vessel Code

May 2019 - Transport. Legal Developments by Mamo TCV Advocates.

More articles by this firm.

Merchant Shipping Directorate issues Non-Convention Vessel Code.

EU Regime on Greener Ship Recycling Enters into Force

May 2019 - Transport. Legal Developments by Mamo TCV Advocates.

More articles by this firm.

EU Regime on Greener Ship Recycling enters into force.

Amendments to the Maritime Labour Convention, 2006

May 2019 - Transport. Legal Developments by Mamo TCV Advocates.

More articles by this firm.

Amendments to the Maritime Labour Convention

Malta introduces new guidelines for long term leasing, reducing the vat liability of pleasure yachts

March 2019 - Transport. Legal Developments by GVZH Advocates.

More articles by this firm.

On the 28th of February 2019 the Maltese Revenue Department published a new set of guidelines for the long term hiring of yachts and the payment of VAT. These guidelines apply to operational leases which have started on or after the 1st of November 2018. The guidelines have a number of similarities to those that were previously in place in Malta, including the principle of effective use and enjoyment which can be found in Article 59A of the VAT Directive.

The VAT guidelines

The guidelines establish a system whereby Maltese VAT is charged on the portion of the lease which is effectively used and enjoyed within EU territorial waters and a ration of such use will need to be established. The lessor is made responsible for showing and proving the portion of the effective use and enjoyment of the vessel in EU waters, and the burden of proof has been shifted completely onto the Lessor, therefore the lessor must maintain adequate records and documentary evidence, to determine the location of the actual effective use and enjoyment of the yacht. The Lessor must effectively prove that the vessel has been used outside EU territorial water to benefit from the reduction in the percentage of VAT applied.

Commercial Importation Of Aircrafts

July 2018 - Transport. Legal Developments by GVZH Advocates.

More articles by this firm.

An aircraft whose owner is established in the European Union and is intended for commercial use may be imported through Malta for VAT purposes and thus enabling the aircraft to be in free circulation within the European Union.

This procedure is a full importation procedure and requires the aircraft to be physically present in Malta to undergo the necessary VAT and customs procedures. Most of the paperwork can be processed before the arrival of the aircraft to Malta therefore ensuring minimal turnaround time.

Amendments to the Guidelines regarding VAT treatment of Yacht Leasing

April 2018 - Transport. Legal Developments by Mamo TCV Advocates.

More articles by this firm.

The Commissioner for Revenue has recently published an amended version of the Guidelines regarding the VAT treatment of Yacht Leasing in Malta.

EU VAT on Yacht solutions

March 2017 - Transport. Legal Developments by Chetcuti Cauchi Advocates.

More articles by this firm.

The yachting industry sails across a dynamic regulatory environment, increasingly leading to more paperwork, administration, checks and procedures.  In this context, and considering that yachts are generally a leisure escape, yacht owners are constantly looking for straight forward solutions that allow them to sail their yachts worry-free.  Malta has been at the forefront in providing such solutions and finding a balance between what are usually deemed two opposing needs: those of proper regulation and application of procedures on the one hand, and enjoyment of the yacht without unnecessary and unwarranted restrictions, on the other.   

Interview with...

Law firm partners and practice heads explain how their firms are adapting to clients' changing needs

International Law Firm Networks

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

GC Powerlist -
Europe

International Law Firm Networks