Malta and Mexico have signed a Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income (Double Tax Treaty), the second such treaty with a Latin American country after the treaty with Uruguay came into force recently.
The aim behind the signature of the treaty is primarily to remove double taxation impediments to trade and investment between Malta and Mexico. Secondarily, the treaty provides for the exchange of information on tax matters on the basis of internationally agreed standards.
The signature of these treaties is evidence of Malta’s drive to strengthen relations with Latin American countries. As a region that has been growing steadily, the treaties sustain Malta’s efforts at attracting trade and investment, not only to and from these two countries, but also globally.
