At the signing of the agreement, Tonio Borg said: “When the protocol enters into force, it will strengthen the provisions of the existing double taxation convention with Italy and will continue to promote and facilitate investment and trade opportunities as well as trade between Maltese and Italian entrepreneurs.” In a statement from the Maltese government, Fenech welcomed the agreement, saying: “This agreement expands the network of the Double Taxation Convention, which allows Malta to establish trade relations with other countries, attract direct investment and provide an important platform for Maltese residents operating in partner countries.” The signing of the tax treaty was the culmination of a process that began in 2005 with a meeting between Prime Minister Lawrence Gonzi and President George Bush. The agreement was ratified by both countries in November 2010. The Convention on Double Taxation between the Two Governments is based on the model published by the Organisation for Economic Co-operation and Development (OECD). At the same time, the Maltese government announced that the agreement between Malta and Singapore to avoid double taxation and the prevention of income tax evasion will come into force on 29 February 2008. The table below shows countries that have double taxation agreements with Malta. In January 2009, Maltese Minister of Finance, Economy and Investment Tonio Fenech announced that an agreement had been reached between the two countries on the terms of a double taxation agreement with Qatar. For more information on the double taxation agreement with Italy, you can contact our agents in Malta. In January 2009, the Irish Tax Commission announced the ratification of an agreement with Malta on the prevention of double taxation and tax evasion with regard to income tax. Malta has concluded 70 double taxation agreements (unusual for a low-tax jurisdiction), six of which are pending. In general, contractual benefits are available to all Maltese companies. All contracts follow the OECD standard agreement. A new contract, which follows the OECD model agreement signed with Switzerland in February 2011, came into force in July 2012. In December 2008, Swiss Foreign Minister Micheline Calmy-Rey travelled to Malta to sign an agreement with her Maltese counterpart, Tonio Borg, to avoid double taxation.
In December 2008, discussions were held in Oman between the Sultanate of Oman and Malta on a contract to avoid double taxation and prevent income tax evasion. Most of the proposals contained in the draft text were agreed. A number of other clauses remained open to further discussions. To this end, a follow-up meeting is expected to take place in the near future. Malta and Italy signed their first double taxation agreement in 1948. The convention contains provisions on the prevention of double taxation with respect to the following taxes: this agreement was signed on 26 March 2006 and is expected to contribute to a further expansion of trade between the two parties. In March 2009, Malta and Italy signed a protocol amending the existing agreement on double tax evasion between the two countries, which came into force for the first time in July 1981.