Malta:
New Law Aims To Attract Ship Managers To Malta
30 January 2019
Ganado Advocates
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This article was first published in Ship Management
International Issue no. 76 (November/December 2018).
Dr Jan Rossi provided an overview of Legal Notice 128 of 2018
that was introduced with the aim of attracting ship managers to set
up in Malta.
"Ship management activities are now included in the
tonnage tax system. Effectively, this means that, going forward,
ship managers are permitted to pay a 'tonnage tax' which is
equivalent to a percentage of the tonnage tax paid by the owners
and/or charterers of the ships managed and this to the exclusion of
the standard corporate tax levied under the Income (Cap 123 Laws of
Malta)".]
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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