en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
5 Minutes Offshore
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
HUF 0.0036
GBP 1.3158
CHF 0.9948
RUB 0.0161
HKD 0.1274
JPY 0.0089
CNY 0.1492
CAD 0.7581
AUD 0.7386
BRL 0.2566
EUR 1.1643


Malta Signs TIEA With Gibraltar


Malta has welcomed the signing of a Tax Information Exchange Agreement (TIEA) with Gibraltar, which will provide both countries with tax information on request when there is evidence of fiscal crime.

The High Commissioner of Malta in London Joseph Zammit Tabona signed on behalf of the government of Malta and Gibraltar's Minister with responsibility for Financial Services, Gilbert Licudi signed on behalf of the government of Gibraltar, at the Malta High Commission, London.

Tabona said: "It is my pleasure to sign this Agreement with Gibraltar - which reinforces links and strengthens bilateral relations, particularly in the fields of financial services and business. The signing of TIEAs demonstrates good practice in the global financial sector."

Licudi, added: "I am delighted to have signed this Tax Information Exchange Agreement with Malta and especially so given the very important social, cultural and political links that we share. A significant part of Gibraltar's population are descendants of Maltese nationals which means that our heritage is intrinsically bound together. There is already an element of business activity that we share with Malta. We trust that this agreement will encourage the development of an even closer business relationship."

Both signatories confirmed the agreement included all standard means to ensure due process was followed in tax information requests, including, for example, provisions to protect confidentiality of information. The TIEA will also adhere to public policy considerations and provisions related to protecting legal privilege.

On the eve of the signing, officials from both countries discussed various opportunities where Malta and Gibraltar can cooperate more fully and further strengthen relations, particularly in financial services.

Source: http://www.tax-news.com