Malta ratifies OECD tax convention

Malta has ratified the 2010 revision to the Organisation for Economic Co-operation and Development convention on tax, deemed to be the most comprehensive multilateral instrument available for all forms of tax cooperation, tax evasion and avoidance.

Ambassador Pierre Clive Agius deposited Malta’s ratification during a ceremony at the OECD headquarters in Paris last week. Austria, Estonia, Latvia, Luxembourg, Singapore and the Slovak Republic have signed the Convention, while Malta, Belize, Ghana, Greece, Ireland and the Netherlands (including its Caribbean islands) deposited their instruments of ratification.

The Multilateral Convention on Mutual Administrative Assistance in Tax Matters was developed jointly by the OECD and the Council of Europe in 1998 and amended by a protocol in 2010.

The Convention was amended following the call by the G20 during the 2009 London Summit.