Malta – Swiss DTA now in Force

Source: Tunemalta¸ July 2012

The Swiss Federal Department of Finance¸ FDF has recently confirmed that Switzerland’s bilateral double taxation agreement (DTA) with Malta has entered into force on the same day as the diplomatic exchange of notes took place¸ namely 6th July¸ 2012.

The agreement contains provisions for the exchange of information in accordance with the international standard applicable at present.  This will encourage further positive development of bilateral economic relations.

The FDF states: “Aside from the exchange of information¸ Switzerland and Malta have in particular agreed withholding tax exemption for dividend and interest payments between related companies with a capital stake of at least 10% in the company making the payment. Royalties are exempt from withholding tax.”

The agreement will apply from January 1¸ 2013.