Malta and Romania signed an amending protocol to the 1995 Malta-Romania Income Tax Treaty on 4 July, 2024, aiming to enhance the original tax treaty between the two countries on the avoidance of double taxation and the prevention of fiscal avoidance.
This new protocol, the first amendment to the treaty, aligns the original agreement with the OECD Model Tax Convention. It establishes rules and procedures to ensure that income is taxed where economic activity occurs, effectively curbing tax avoidance.
The protocol will come into effect once the ratification instruments are exchanged.
