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Following the re-negotiation of the double tax treaty between Malta and the Republic of India, this has now entered into force as from 7th February 2014.
Most importantly is the fact that India is restricted to a withholding tax of 10% on any dividends distributed to a Maltese beneficiary. Similarly, this treatment is also applied to interest, royalties and fees for technical services.
This bilateral agreement will provide investors with greater certainty on their tax liabilities from cross-border economic activities, and boost closer economic and trade ties between India and Malta.