The income tax treaty between Malaysia and the Maldives was signed on 24 May 2023. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Malaysian income tax and petroleum income tax and covers Maldives income tax. Residence If a person other than an individual is considered resident in both Contracting States, the competent authorities of the Contracting States will determine its residence for the purpose of the treaty through mutual agreement, having regard to its place of effective management, the place where it is incorporated or otherwise constituted, and any other relevant...