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Malta and Bermuda sign tax treaty
Malta and Bermuda have signed a Tax Information Exchange Agreement (TIEA) which provides for a full exchange of information between the two countries on tax matters.
The High Commissioner of Malta in the UK Joseph Zammit Tabona signed on behalf of the Government of Malta and the Bermuda Premier, Paula Cox signed on behalf of the Government of Bermuda. The signing ceremony took place at the Malta High Commission, London.
High Commissioner Zammit Tabona said this Agreement was instrumental for bilateral relations to be strengthened and demonstrated good practice in the global financial sector.
Bermuda Premier Cox said that this signing would solidify Bermuda's relationship with the European Union and marks the 12th Tax Information Exchange Agreement with an EU member state.
Both signatories confirmed the agreement included all standard means to ensure due process was followed in tax information requests to both countries respectively, including, for example, provisions to protect confidentiality of information. The TIEA will also adhere to public policy considerations and provisions related to protecting legal privilege.
