Malta Double Tax Treaties and Tax in Malta |  Jan 04, 2011

Malta and USA sign Double Taxation Agreement

8th August, 2008 – Malta and the United States have today signed a double taxation agreement which must now overcome the final formality of US Senate approval before coming into force. The last double taxation agreement which existed between the two countries was suspended in 1997 when new tax legislation based on a nominee concept came into force in Malta in 1994, which US authorities feared could lead to tax avoidance, particularly in the light of Malta’s double taxation agreement with Libya, where substantial US commercial interests exist. Following an overhaul of Malta’s legislative framework, particularly in the areas of tax and financial services, the re-introduction of a double taxation agreement has featured high on the agendas of both countries.

This development is expected to facilitate growth in bilateral trade and services (particularly financial services) between Malta and the United States, making it more attractive for Malta to be a base for US companies operating in oil-related industries in North Africa.

For further information on how GVZH can assist you with your Tax legal requirements, please contact us here.

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Key Contacts

Jonathan Abela | GVZH Advocates | Malta Law Firm

Jonathan Abela

Jonathan Demaria - GVZH Advocates - Malta Law Firm

Josef Cardona

Nicola Fenech Conti - GVZH Advocates - Malta Law Firm

Nicola Fenech Conti

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