Since 1 January 2012 a number of developments have taken place with regard to double taxation agreements (DTAs) and Tax Information Exchange Agreements (TIEAs). A total of 64 double taxation agreements are currently in force.
The DTAs with Guernsey, Mexico and Saudi Arabia and the Protocol amending the DTA with South Africa were concluded and signed. Besides, new DTAs to replace the existing ones with India, Norway and Russia were also concluded and signed. The old DTA with Russia which was signed in 2000 had not yet entered into force.
The DTAs with Armenia, Azerbaijan, Liechtenstein, Moldova and a Protocol amending the DTA with Barbados were negotiated and concluded at the technical level. Following their entry into force, the DTAs with Bahrain, Guernsey, Norway (new DTA), Hong Kong, Saudi Arabia, Switzerland, Turkey, Uruguay and the Protocol amending the DTA and were published through Legal Notices.
The DTAs with Russia and Mexico were also published through legal notices but they have not yet entered into force. The Pro-tocols amending the DTAs with Luxembourg and Singapore have also entered into force. With regard to TIEAs, one has been concluded and signed with Macao and another one was negotiated and agreed at the technical level with the Cayman Islands. The TIEAs with The Bahamas, Bermuda and Gibraltar entered into force and were published through Legal Notices.
On 26 October 2012, Malta also signed the Joint UN/OECD Convention on Mutual Administrative Assistance in Tax Matters as amended by a Protocol amending the said Convention. The Convention has been published through a Legal Notice and will enter into force in Malta on 1 September 2013.
A full list of tax treaties can be found on the MFSA website.
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.
