New Double Taxation Agreements with India and Norway

A new double tax treaty between Malta and India has been signed in April 2013 while a new bilateral double taxation agreement between Malta and Norway which was signed in March 2012 has entered into force as from 14th February 2013. The latter agreement replaces the previous one between the two countries which was signed in 1975.

The purpose of double tax treaties is the avoidance of double taxation in cross border situations and provide rules on the allocation of taxing rights on income such as dividends, interest, royalties, business profits, wages and salaries and income from immovable property. In order to encourage and facilitate cross border transactions, Malta has signed more than 60 bilateral agreements related to taxation matters.

For more details please contact the tax partner Stephen Balzan on sbalzan@emd.com.mt.