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Romania Authorizes Negotiation of Amending Protocol to Tax Treaty with Malta

18 September 2020

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Treaty Development

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Romania-Malta

The Romanian government has reportedly authorized the negotiation and signing of an amending protocol to the 1995 income tax treaty with Malta that will increase the withholding tax rate on dividends and interest to 15% (currently, 5%). The protocol would be the first to amend the treaty and must be finalized, signed, and ratified before entering into force.