Shipping, Yachting and Transport

The European Commission has approved the revised Maltese tonnage tax scheme (exemption) under EU State rules for a period of 10 years, after an investigation and review lasting more than five years. The European Commission had initiated an in-depth investigation and review into the Maltese tonnage tax (exemption) scheme in 2012 to examine whether the scheme was compatible with EU State aid rules. The Commission had concerns that the favourable tax treatment allowed by the EU Guidelines on State aid to maritime transport for the transport of passengers and freight by sea may have been extended to other categories of…

Nick Valenzia and Joseph Camilleri have contributed to this year's Chambers Law and Practice Guide – Shipping. This comprehensive guide covers all area of ship registration finance and provides interesting insight on traditional topics such as; various type of ship registrations (ownership, bareboat), ship mortgages and asset finance and liens. Valenzia and Camilleri further delve into and explore contemporaneous topics of interest such as access to capital markets and insolvency.Disclaimer This document does not purport to give legal, financial or tax advice. Should you require further information or legal assistance, please do not hesitate to contact Dr. Nicholas Valenzia and…