Amendment to the double taxation agreement between Malta and Belgium

Malta and Belgium signed an agreement to amend the existing Double Taxation Agreement for the avoidance of double taxation and the prevention of fiscal evasion. The agreement was originally signed on 28 June, 1974 and was further amended through a Supplementary Agreement signed on 23 June, 1993.

This agreement was amended to bring the provisions on the exchange of information in line with internationally agreed standards as set out in the corresponding Article of the 2008 OECD Model Tax Convention on Income and on Capital.

The treaty between Malta and Belgium provides for a reduced treaty rate of 15% on dividends and 10% on interest and royalties. However these reduced treaty rates may be superseded by the Parent Subsidiary Directive as well as the Interest and Royalties Directive which may apply between the two Members States.

This agreement will continue to enhance the double taxation treaty network which Malta has with a number of countries to attract inward direct investment.