27th March 2008

Malta initials tax treaty with USA

On 27 March 2008, the Hon. Tonio Fenech, Minister of Finance, Economy and Investment, initialled the text of a Treaty for the Avoidance of Double Taxation, in the presence of US Ambassador Ms Molly Bordonaro.  Mr. Michael Mundaca headed the US Treasury delegation in Malta and initialled the document on behalf of the United States.

This process prepares the treaty text agreed between the two countries for ratification through a United States Senate for Foreign Relations review.   The treaty text is published on ratification as agreed between both governments.