The income tax treaty between Malta and Monaco entered into force on 16 May 2019. The treaty, signed 27 September 2018, is the first of its kind between the two countries.
The treaty covers Malta income tax and Monegasque profit tax on commercial income levied from individual persons and profit tax levied from companies.
The following capital gains derived by a resident of one Contracting State may be taxed by the other State:
Gains from the alienation of other property by a resident of a Contracting State may only be taxed by that State.
Both countries apply the credit method for the elimination of double taxation.
The treaty applies from 1 January 2020.
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