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ARTICLE · 06 MARCH 2018

Maltese Tonnage Tax Scheme Approved By EU Commission

Ganado Advocates
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The Shipping team at GANADO is carefully studying the Commission's decision since this will form the basis of new legislation that we expect to be passed later this year.

MaltaTransport
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The first 2018 issue of our Shipping and Maritime Law Newsletter was recently published and contained a key update related to the EU Commission's approval of the Maltese tonnage tax scheme.

"News of the Commission's approval appeared in the European Commission's Database on 19 December 2017. The press release states that "the European Commission has conditionally approved under EU State aid rules the Maltese tonnage tax scheme for a period of 10 years. The scheme will ensure a level playing field between Maltese and other European shipping companies, and will encourage ship registration in Europe".

Since the publication of our newsletter the Commission has released the full decision, which can be viewed by clicking here.

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