Malta signs tax exchange deal with Gibraltar

The Malta Business Weekly

The Government of Gibraltar yesterday signed a Tax Information Exchange Agreement with Malta. The Minister with responsibility for Financial Services, Gilbert Licudi, signed the agreement in London at the Malta High Commission. The High Commissioner, Joseph Zammit Tabona, signed on behalf of the Maltese government.

Mr Licudi said: “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 is 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.”

Mr Zammit 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.”

This Tax Information Exchange Agreement brings the total of such agreements signed to 19, with 16 of those having already come into force and thus able to be used. It also underscores government’s commitment to international standards of cooperation.

The Finance Centre director James Tipping accompanied Mr Licudi