INDIA has signed a new DTAA with Malta in view of the change in
domestic laws and the changed global economic scenario.
The
Double Taxation Avoidance Agreement (DTAA) was signed by the Preneet Kaur,
Minister of State for External Affairs of India and Dr. George Vella, Foreign
Minister of Malta. Once the DTAA enters into force, it will stimulate the flow
of capital, technology and personnel between both the countries and will further
strengthen the economic relationship. It also provides tax stability and reduces
any obstacles in providing mutual cooperation between India and
Malta.
The
Double Taxation Avoidance Agreement (DTAA) and the Protocol between the Republic
of India and Malta for the avoidance of double taxation and for the prevention
of fiscal evasion with respect to taxes on income is in force since 8th
February, 1995. Both India and Malta have renegotiated the Agreement to bring in
line with international standards.
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