Malta and Switzerland sign double taxation agreement

29th December, 2008 - Deputy Prime Minister and Minister of Foreign Affairs Tonio Borg signed the Agreement between Malta and Switzerland for the avoidance of double taxation with respect to Taxes on Income, during an official visit to Malta by Micheline Calmy-Rey, Swiss Foreign Affairs Minister. The agreement was signed in the margins of a bilateral meeting held at the Foreign Affairs Ministry.

The purpose of this agreement is to avoid double taxation and prevent fiscal evasion and covers direct taxes on income and capital and enables both countries to exchange information for a more effective stand against tax evasion. The agreement will enter into force following ratification by both countries.