India and Malta signed the New DTAA at Valetta, Malta

Apr 15, 2013 17:10 IST

On 8 April 2013, India and Malta signed the new DTAA (The Double Taxation Avoidance Agreement) at Valetta, Malta during the visit of Preneet Kaur, Minister of State for External Affairs of India. Once the DTAA enters into force, it will stimulate the flow of capital, technology and personnel between both the countries and will further strengthen the economic relationship. It also provides tax stability and reduces any obstacles in providing mutual cooperation between India and Malta.

DTAA and the Protocol between the Republic of India and Malta for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income is in force since 8th February, 1995. Both India and Malta have renegotiated the Agreement to bring in line with international standards, change in domestic laws and changed economic scenario.

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