EC Gives Nod to Maltese Tonnage Tax Scheme

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.

“Tonnage tax systems are meant to promote the competitiveness of the EU shipping industry in a global market without unduly distorting competition. I am pleased that Malta committed to adapt its tonnage tax system to...

http://mmf.org.mt/2018/03/18/worldmaritimenews-com-archives-238794-ec-gives-nod-to-maltese-tonnage-tax-scheme/

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