Malta
offers a complete tax exemption in respect of all profits and dividends
arising from shipping operation. The tax advantages available to
Maltese shipping companies include the following:
-
no income tax is payable
by a Maltese shipping company;
-
no inheritance tax is
payable on the transmission on death of shares in a Maltese shipping company;
-
no capital gains tax
is payable on the sale or transfer of a ship or shares in a shipping company.
-
no document duty is
payable in respect of instruments connected with or involving the registration
of a ship, the allotment or transfer of shares in a shipping company, the
transfer of a ship or charges over a ship.
Moreover,
since Malta is outside the customs territory of the European Community,
pleasure yachts registered in Malta benefit, subject to certain conditions,
from temporary importation regulations which have become operative within
the Community since 1 January 1993. |
Shipping in Malta
