# Commission Decision (EU) 2019/1116 of 19 December 2017 on State aid SA.33829 (2012/C) Maltese tonnage tax scheme and other State measures in favour of shipping companies and their shareholders (notified under document C(2017) 8734) (Only the English text is authentic) (Text with EEA relevance), Division 10: Malta commits that shipping companies (except ship management companies) will not benefit from tonnage tax (except for ship management companies) unless they:

Extent: E+W+S+N.I.

(a) have at least 60 % of the tonnage of their fleet under the flag of a Member State of the Union or of a State party to the EEA Agreement on entering the scheme; or
(b) maintain or increase the share of tonnage of their fleet that they operated under the flag of a Member State of the Union or of a State party to the EEA Agreement at the moment that they entered the scheme.
In any event, by the third year of operation the organisation must have at least 60 % of the tonnage taxed fleet EEA-flagged.
However, in connection with the initial entry of a shipping organisation into the Maltese tonnage tax system, the said applicable threshold may be reduced to twenty-five percent (25 %). Malta will continue to check that the share of EEA-flagged fleet has not decreased on average over a period of three years (both for existing and new beneficiaries).

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Source: https://www.legislation.gov.uk/eudn/2019/1116/annex/division/10 (the official version)
Page: https://openlegislation.uk/eu-decision-2019-1116/annex/division-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.