The Minister of Finance, the Economy and Investment, the Hon. Tonio Fenech, announces that an agreement has been reached with the State of Qatar on a double taxation treaty. This is in the process of being initialled for ratification by both Governments.

This agreement extends the double taxation treaty network which enables Malta to develop trade relations with other countries, attract inward direct investment and serves as an important platform for Maltese residents doing business in partner countries.

Government’s strategy is to improve political, commercial and social relations with the Middle East. This makes the double taxation treaty with Qatar an important component of this strategy. Qatar is a key state within the Middle East with a population of 1.5 million and a GDP of USD 117 billion.