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Malta-Bahrain and Malta-Saudi Arabia sign Double Tax agreement (DTA)

16 January 2012   (0 Comments)
Posted by: SAIT Technical
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Malta-Bahrain and Malta-Saudi Arabia sign Double Tax agreement (DTA)
Tax Talk

CSB Group Malta Tax News

Trade betwween Malta and Saudi Arabia is on the increase in Malta’s favour.

Maltese Foreign Affairs Minister Tonio Borg signed agreements with Saudi Arabia on the avoidance of double taxation where bilateral talks took place with Prince Saud bin Faisal bin Abdul-Aziz Al Saud in the capital city Riyadh.

Dr Borg and Prince Saud signed a convention on the avoidance of double taxation between the two countries on the 4th January 2012.

Saudi Arabia is the largest and most powerful member of the Gulf Cooperation Council and owns more than 20 per cent of the world’s proven petroleum reserves and ranks as the largest exporter of petroleum. To date, it would appear that there are currently 10 companies registered with the MFSA that have Saudi Arabian shareholding.

Moreover, on the 22nd December 2011, Bahrain ratified the Bahrain – Malta Income Tax Treaty (2010) by way of Law No. 45.

For more information about Malta’s Double Tax Treaties or Corporate Taxation, please direct your query to


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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