The Double Taxation Agreement between the Kingdom of Norway and the Republic of Malta has been in force since 1979, largely reflecting the Model Tax Convention drafted by the Organisation for Economic Co-operation and Development.
Lately, the bilateral relations established decades ago between the two states by virtue of the Double Taxation Agreement have been brought to the surface through a Memorandum of Understanding within the Norwegian Financial Mechanism. Agreements on the use of EEA and Norway Grants for the period 2009 to 2014 were signed in Valletta, Malta, with the environment and justice being the largest sectors benefiting from the grants.
With the aim of increasing renewable energy production, there will be investments to develop a production plant for algae-derived bio-fuel which will reduce CO2 emissions from waste management. There will also be a project to develop a national oil-spill contingency system, in cooperation with Norwegian stakeholders. Support will continue for cultural heritage with a project to develop a new environmental management system for the Hal-Saflieni Hypogeum World Heritage Site, the only prehistoric underground temple in the world, dating from 2500-3000 B.C. Within the justice sector, there will be a project to improve correctional services through the re-organisation of the Young Offenders’ Unit of Rehabilitation Services (YOURS), including staff training.
Other beneficiaries included the civil society and social partners for the first time. Funding for the NGO sector in Malta will be a new programme which will address the specific needs of migrants, as well as gender and domestic violence. There will also be new funding to social partners.
As a country on the forefront of environmental awareness, Norway possesses considerable expertise that could benefit Malta. The Ambassador urged the Maltese to come up with good projects for evaluation by the Financial Mechanism Office in Brussels in collaboration with the Priorities and Planning Division at the Office of the Prime Minister. Sectors which were considered as priorities for the Maltese Government included environment protection, conservation of cultural heritage, health and childcare and also academic research.
In addition, the Maltese Government has just adopted the 2011
High Net Worth Individual Residence Rules for, inter alia, Norwegian nationals to regulate the issue of Malta residence permits. Norwegian High Net Worth Individuals eligible under this scheme will be subject to Malta tax at a flat rate of 15% on a remittance basis, that is, only on foreign source income if remitted to Malta.
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Full List of Malta Double Taxation Agreements]
The Double Taxation Agreement between the Kingdom of Norway and the Republic of Malta has been in force since 1979, largely reflecting the Model Tax Convention drafted by the Organisation for Economic Co-operation and Development.
Lately, the bilateral relations established decades ago between the two states by virtue of the Double Taxation Agreement have been brought to the surface through a Memorandum of Understanding within the Norwegian Financial Mechanism. Agreements on the use of EEA and Norway Grants for the period 2009 to 2014 were signed in Valletta, Malta, with the environment and justice being the largest sectors benefiting from the grants.
With the aim of increasing renewable energy production, there will be investments to develop a production plant for algae-derived bio-fuel which will reduce CO2 emissions from waste management. There will also be a project to develop a national oil-spill contingency system, in cooperation with Norwegian stakeholders. Support will continue for cultural heritage with a project to develop a new environmental management system for the Hal-Saflieni Hypogeum World Heritage Site, the only prehistoric underground temple in the world, dating from 2500-3000 B.C. Within the justice sector, there will be a project to improve correctional services through the re-organisation of the Young Offenders’ Unit of Rehabilitation Services (YOURS), including staff training.
Other beneficiaries included the civil society and social partners for the first time. Funding for the NGO sector in Malta will be a new programme which will address the specific needs of migrants, as well as gender and domestic violence. There will also be new funding to social partners.
As a country on the forefront of environmental awareness, Norway possesses considerable expertise that could benefit Malta. The Ambassador urged the Maltese to come up with good projects for evaluation by the Financial Mechanism Office in Brussels in collaboration with the Priorities and Planning Division at the Office of the Prime Minister. Sectors which were considered as priorities for the Maltese Government included environment protection, conservation of cultural heritage, health and childcare and also academic research.
In addition, the Maltese Government has just adopted the 2011
High Net Worth Individual Residence Rules for, inter alia, Norwegian nationals to regulate the issue of Malta residence permits. Norwegian High Net Worth Individuals eligible under this scheme will be subject to Malta tax at a flat rate of 15% on a remittance basis, that is, only on foreign source income if remitted to Malta.
[
Full List of Malta Double Taxation Agreements]