Malta and Curaçao sign DTA

Flag_of_Curaçao.svgA double taxation agreement (DTA) initialled by Malta and Curaçao in 2013 (click here for earlier news item) has been signed and ratified by both states on 18 November 2015.

The DTA will enter into force as of 1 January 2016.

The DTA is mainly based on the OECD Model Tax Convention on Income and on Capital, but includes special provisions to cater for certain domestic taxation laws of both sides. The DTA provides a means of settling on a uniform basis the most common problems that arise in the field of international juridical double taxation. Its main purpose is to remove the obstacles that double taxation presents to the development of economic relations between Malta and Curaçao. Such exchange of information is in line with internationally-agreed standards and will therefore give more credibility to Malta and Curaçao where transparency and exchange of information on tax matters are concerned.

Click here to access the complete version of the DTA.