Preneet Kaur, Minister of State for External Affairs in India, and George Vella, Foreign Minister of Malta, have signed a double taxation avoidance pact (DTAA) at Valetta, Malta, a week ago. Malta is a European island republic in the Mediterranean Sea, just south of Sicily.
According to an official release, once the DTAA will be entered into force, it will help stimulating the flow of technology, capital and personnel between the India and Malta. The two countries already had a DTAA into force since February 1995 but they had to renegotiate that agreement due to changes of the economic scenario, but also of International standards and domestic laws.
