Guernsey concludes comprehensive dta with malta

Guernsey has announced the signing of a comprehensive Double Taxation Agreement with Malta, which will allocate the territories’ taxing rights to ensure that double taxation is removed from bilateral trade and investment, and also permit tax information exchange on request.

The agreement is Guernsey’s third comprehensive DTA, following agreements with United Kingdom and Jersey. However, for Guernsey, the agreement is the first to be negotiated in line with the Organisation for Economic Cooperation and Development’s model convention. The agreement was signed by Guernsey Chief Minister Lyndon Trott and Malta’s High Commissioner to the United Kingdom Joseph Zammit Tabona on March 12, 2012.