Double taxation convention signed with Libya

Denis Catania

Dec 29th 2008, 23:38

@igalea: Well said.

To all comments: It means if you have money in one of the countries mentioned including the U.S.A and didn't pay proper income tax to that country. You will be found and prosecuted. Another words someone makes $500,000 in the U.S and only claimed $150,000 and put $350,000 in the bank in Malta. The Maltese government will notify the U.S and or the U.S can ask for banking records and will prosecute. So all you Maltese who don't pay the proper tax to your adopted country and the Maltese who don't pay the proper tax to Malta and hide it in foreign banks. BE CAREFUL

lgalea

Dec 29th 2008, 19:14

HOW ABOUT SIGNING AN ILLEGAL IMMIGRATS RETURN AGREEMENT WITH LIBYA?

Mark Spiteri

Dec 29th 2008, 18:52

DOUBLE TAXATION RELIEF LEGAL NOTICE 7 of 1973.
Malta and the Great Socialist Peoples’ Libyan Arab Jamahiriya, entered
into a Convention with each other for the avoidance of double taxation with respect
to taxes on income.

D.Galea

Dec 29th 2008, 17:52

@C. E. Taliana

Well actually D.Borg is making a comparism not mixing up stuff & I'll simply revoice it here in two ways, although I'm sure such agreement has it's benefits, it's nothing compared to a treaty about illegal immigrant (if & when action is taken apoun it), secondly why now!? With the 'brotherly' relationship we have I'd expect such agreement should have been signed at least a decade ago!

C. E. Taliana

Dec 29th 2008, 16:28

@ d.borg - jekk joghgbok thallatx il-hass mal-pitravi.

Il-Libja hija sors ta' xoghol ghal hafna Maltin li se jibbenefikaw bhal ma ghamlu dawn l-ahhar 30 sena minn arrangament bhal dan.

Mark Spiteri

Dec 29th 2008, 15:41

It would be good to explain what DOUBLE TAXATION means.
The way it sounds it seems that one should either be taxed twice or not be taxed twice.
So please it would be good to explain if one works in either IRELAND / MONTENEGRO / SWITZERLAND and now even LIBYA is already paying tax in the said country but resides in Malta..........should he be taxed twice.....Please note DOI

d. borg

Dec 29th 2008, 15:23

It's better if the Minister tried to sign a pact with Libya not to send us any more immigrants. I don't see much use for this double taxation convention signed with Libya.

P Debono

Dec 29th 2008, 15:17

@ Emanuel Mifsud

Double taxation agreements exist precisely to avoid double taxation from occurring.

Also, as well as conventions which further deepen Libya's pockets, I would like to see some more meaningful conventions and co-operation from Libya regarding the scourge of illegal immigration in Malta.

emanuel mifsud

Dec 29th 2008, 15:06

Can you please explain this double taxation thats in effect with Libya? Does this mean that who ever eorks in Libya will have to pay taxes both in Malta and Libya ?
Thanks