Annex COMMITMENTS PROVIDED BY MALTA

United Kingdom

1. 1Malta commits to specifically exclude from the operation of tonnage tax the following vessels:
2. 2Malta commits to reflect explicitly in legislation, following directly the terms of the Maritime Guidelines, a restriction of tonnage tax to vessels engaged in the international carriage of good or passengers by sea and the following vessels (previously approved on submission by other Member States):
3. 3Division 3
4. 4Malta commits to explicitly limit the application of tonnage taxation to the chartering out of vessels on bareboat basis and similar transactions between third parties. The chartering out of vessels on bareboat basis to third parties and similar transactions can be eligible only as ancillary activity of genuine shipping companies in the context of temporary overcapacity subject to the following conditions:
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10. 10Malta commits that shipping companies (except ship management companies) will not benefit from tonnage tax (except for ship management companies) unless they:
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13. 13Malta commits that legislation will be amended to clearly distinguish between:
14. 14Malta commits to publishing internal guidelines which will make clear the ineligibility of a number of activities that may be in competition with land-based companies, in particular:
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