Ireland has signed a Double Tax Avoidance Treaty with Malta - the only EU country with which it did not already have such a treaty.
The Treaty was signed in Rome by Sean O'Huiginn, the Irish Ambassador to Italy and Walter Balzan, the Maltese Ambassador to Italy.
The Irish government said that the Treaty would facilitate business and investment flows between the two countries. There is a zero rate of withholding tax on interest payments and low rates on dividends and royalties.
Other features of the new Treaty include a non-discrimination article, which protects nationals of each country from discriminatory tax provisions in the other, and an exchange of information article aimed at countering tax evasion.
The Treaty must now be ratified by the two countries' parliaments, and is expected to enter into force by the end of 2009.
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