Revision of the Maltese Tonnage Tax Scheme

Following the European Commission’s decision in December 2017, which conditionally endorsed the Maltese tonnage tax scheme under the EU’s State aid rules for a period of ten years, Malta will be, by virtue of Legal Notices 127 and 128 of 2018, implementing the requested amendments by the Commission’s decision. These will be effective as from the 01st  May 2018.

Legal Notice 128 addresses the revision of the Tonnage Tax Regime by specifically listing the type of vessels to which the tonnage tax scheme applies as well as those which are excluded from its applicability. The legal notice includes also  provisions relating to ship management activities and others, in order to ensure that the mentioned benefits are granted according to the European Commission Decision.

Meantime, Legal Notice 127 includes a revision of the schedule of fees for the Registration, Annual & Tonnage Tax payments. These will now be distinguished to both the tonnage tax and non-tonnage tax vessels. Transport Malta has also issued an MS Notice 143, which offers guidance on the procedure and requirements that have to be followed in order to benefit from the Tonnage Tax scheme.

Follow the links above to read the Legal Notices 127 & 128 and the MS Notice 143 as issued by Transport Malta.

You may also contact us on [email protected] for further guidance and information.

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