Malta signs tax treaty with Liechtenstein

04/10/2013

Liechtenstein's Foreign Minister Aurelia Frick and the Maltese counterpart George Vella signed a bilateral double taxation agreement (DTA) between the two countries in respect of taxes on income and on wealth.  The DTA was signed in New York.

The treaty is based on the Organisation for Economic Cooperation and Development's (OECD) Model Convention.

Both countries have agreed to waive withholding taxes on dividends, interest, and royalties.  The treaty also contains provisions clarifying and governing the entitlement to tax treaty benefits of Liechtenstein pension funds, charitable organisations, and investment funds.  In addition, the treaty guarantees national taxing rights for the taxation of natural persons, and includes an information exchange clause. The residency of trusts is regulated separately.  Finally, the DTA makes provision for an arbitration clause to ensure that within the framework of a specified process, a binding solution is achieved for both treaty partner states in the event of an interpretation or application dispute.

The treaty requires the parliamentary approval of both jurisdictions and is expected to apply from January 1, 2014.

Valletta, Malta

Malta is an island hub at the very core of the Mediterranean that is fast becoming one of the world’s foremost emerging financial services centres. Valletta being the Capital City of Malta.

Rankings & Awards

Avanzia Taxand is consistently ranked as a Tier One or Tier Two Firm in Euromoney's Corporate Tax Handbook and ITR surveys on tax planning and tax transactional surveys.

Avanzia Taxand was named ‘Malta Tax Firm of the Year’ by the International Tax Review for three times – in 2009, 2013 and 2016.  In 2011, 2014, 2015 and 2016 it was named ‘Malta Tax Firm of the Year’ by Corporate International.

 

Our Budget Newsletter 2018

Posted on: 10/10/2017

Our Budget Newsletter 2017

Posted on: 18/10/2016

Our Budget Newsletter 2016

Posted on: 13/10/2015

Our Budget Newsletter 2015

Posted on: 19/11/2014

Tel: +356 2730 0045
Fax: +356 2730 0049
Email: info@avanzia.com.mt