Read the CSCE Charter for a New Europe (Paris, 21 November 1990) A)? GHT="50">
Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Friday, 6 December 2019
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens News Agency: News in English, 06-10-13

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greece, Malta double taxation avoidance accord

  • [01] Greece, Malta double taxation avoidance accord

    Greece and Malta on Friday signed an agreement for the avoidance of double taxation, during a meeting between foreign minister Dora Bakoyannis and her Maltese counterpart Michael Frendo in the coastal town of Lagonissi, near Athens, shortly before the opening of an informal meeting of the foreign ministers of the EU's eight Mediterranean member states.

    The double taxation avoidance agreement (DTAA), signed on Friday morning, is considered the most important form of economic cooperation between the two countries, and is expected to act as an incentive for the further growth of bilateral economic and commercial relations.

    The agreement provides for the double taxation of incomes of natural and legal entities, with auspicious effects for Greek business enterprises, particularly in the shipping sector.

    Specifically with regard to the maritime sector, Article 8 of the agreement provides for the "flag criteria", which introduces advantages for Greek-flag merchant marine vessels active in both countries, according to the Greek national economy and finance ministry's director of the International Economic Relations Directorate, George Kounadis.

    The accord further determines the extent of the tax authority of the signatore countries, accelerates the curtailment of tax-evasion, ensures a fixed taxation regime, establishes the principle of non-discriminatory treatment and, chiefly, ensures uniform conditions of competition for investors, Kounadis explained.

    Double taxation is defined as the levy of taxes on income/capital in the hands of the same taxpayer in more than one country, in respect of the same income or capital for the same period. Double taxation may arise when the jurisdictional connections, used by different countries, overlap or the taxpayer has connections with more than one country.

    Caption: EPA file photo of Malta's foreign minister, Michael Frendo in Wales last year (Crown copyright)


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright 1995-2016 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Friday, 13 October 2006 - 10:30:40 UTC