5th February 2010
Ratification of the double taxation agreement between Malta and Georgia
By virtue of Legal Notice 65 of 2010, Malta ratified the double taxation agreement with Georgia which was signed on the 23 October 2009. The treaty will come into force on 30 December 2009.
The double taxation agreement between Malta and Georgia is based on the OECD Model Convention. No withholding taxes are imposed on the payment of dividends, interest and royalties. Accordingly, these sources of income are only taxable in the residence state of the recipient. Any double taxation is eliminated by means of the credit method.
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