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Malta Ratifies Pending Tax Treaty with Monaco

18 April 2019

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Treaty Development

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Malta-Monaco

On 12 April 2019, Malta published Legal Notice No. 70 of 2019 in the Official Gazette, which includes the order for the ratification of the pending income tax treaty with Monaco. The treaty, signed 27 September 2018, is the first of its kind between the two countries. Taxes Covered The treaty covers Malta income tax and Monegasque profit tax on commercial income levied from individual persons and profit tax levied from companies. Withholding Tax Rates Dividends - 0% Interest – 0% Royalties – 0% Capital Gains The following capital gains derived by a resident of one Contracting State may be...