Jersey signs tax agreement with Malta

25 January 2010

Jersey has signed a comprehensive Double Taxation Agreement (DTA) with Malta. This is the Island’s first DTA which is based on the OECD model convention.

This DTA also represents Jersey’s sixteenth international tax agreement to meet the OECD tax standards on transparency and information exchange. 

 

The agreement was signed at the Malta High Commission in London by the Chief Minister, Senator Terry Le Sueur, for the Government of Jersey and the High Commissioner to the United Kingdom, His Excellency Joseph Zammit Tabona, for the Government of Malta.

 

Senator Le Sueur said “The signing of the DTA with Malta is a significant step. We are keen to develop our business relationships with the EU and therefore we are delighted that, through the DTA, we will be further strengthening our political and business relationship with a Member State. 

 

“It is also further evidence of Jersey’s firm commitment to the international tax standards of transparency and information exchange, and of its willingness to continue to negotiate international tax agreements.” 

 

Jersey is continuing to negotiate further tax agreements and is also playing an important international role as one of four Vice-Chairs of the Peer Review Group, which was set up by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

The group is responsible for monitoring and assessing compliance with international standards.

Double Taxation Agreement between Jersey and Malta