Ratification of the double taxation agreement between Malta and Georgia

Malta has ratified the double taxation agreement with Georgia. The treaty was signed on the 23 October 2009 and it will come into force on 30 December 2009.

This double taxation agreement is also based on the OECD Model Convention. No withholding taxes are imposed on the payment of dividends, interest and royalties. Accordingly, these sources of income are only taxable in the residence state of the recipient. Any double taxation is eliminated by means of the credit method.