A double taxation avoidance agreement between Israel and Malta has been signed in Jerusalem in August, for the prevention of double taxation between the two countries. The agreement was signed by Finance Minister Avigdor Lieberman for Israel and Malta’s Deputy Prime Minister and Foreign Minister Tonio Borg.
The agreement, will serve as a further incentive for the flow of investments between the two countries. There are close to seventy (70) companies registered in Malta, with a predominantly Israeli shareholding, mostly in the investment services and remote gaming industry.
The signing of the agreement is a welcome step and a milestone towards final ratification, adding to the ever expanding portfolio of double tax treaties entered into by Malta in the past months, including, amongst others, the crucial double tax treaty entered into between Malta and the United States of America.
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