Malta and Liechtenstein initial DTA

LiechtensteinMalta and the Principality of Liechtenstein have recently initialled a corresponding agreement in respect of taxes on income and on wealth after six months of negotiations.

The bilateral double taxation agreement treaty largely follows the Organization for Economic Cooperation and Development’s Model Convention and governs the tax treatment of wealth structures and funds.

It is intended that the agreement is signed in 2013 and is expected to apply as from 1 January 2014.