Malta enhances its Tax Treaty network with Uruguay,
Mexico and Liechtenstein
The Double Tax Treaty ('DTA') between Malta and Uruguay,
signed in March 2011, came into force. This is the first DTA to be
signed with a South American country.
"This agreement with Uruguay signals the government's
intention to strengthen economic relations with South American
countries and, hopefully, will lead the way to the conclusion of a
number of double taxation agreements with other South American
countries," Finance Minister Tonio Fenech said.
Following this, Malta and Mexico also signed a Convention for
Avoidance of Double Taxation and the Prevention of Fiscal Evasion
with respect to Taxes on income. The Convention also provides for
exchange of information on tax matters between the competent
authorities of Malta and Mexico based on internationally agreed
standards with a view to combating international tax avoidance and
evasion.
