Stay updated with the latest news from Aldo Vassallo:
On Tuesday 24th January 2012, Malta signed a Tax Information Exchange Agreement (TIEA) with Gibraltar, which will provide both countries with tax information on request when there is evidence of fiscal crime.
The High Commissioner of Malta in London Joseph Zammit Tabona signed on behalf of the government of Malta and Gibraltar's Minister with responsibility for Financial Services, Gilbert Licudi signed on behalf of the government of Gibraltar, at the Malta High Commission, London. Both signatories confirmed the agreement included all standard means to ensure due process was followed in tax information requests, 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. On the eve of the signing, officials from both countries discussed various opportunities where Malta and Gibraltar can cooperate more fully and further strengthen relations, particularly in financial services.