S.L. 123.100 Art. 2Arrangements to have effect. The desiring to prevention of HAVE This Contracting 1. This Contracting the manner in 2. There income, or on movable or paid by 3. The a) in b) in iv) vi) vii 4. The taxes which or in place of, made in their

It is hereby declared:

(a) that the arrangements specified in the Convention set out in the Schedule to this Order have been made with the Kingdom of Morocco with a view to affording relief from double taxation in relation to the following taxes imposed by the laws of the Kingdom of Morocco:

(i) the general income tax;

(ii) the corporation tax;

(iii) the tax on income from shares or corporate rights and assimilated income;

(iv) the tax on gains from immovable property;

(v) the participation in the national solidarity;

(vi) the tax on income from fixed revenue investments;

(vii) the tax on gains from movable values and other titles of capital and debt-claims;

(b) that it is expedient that those arrangements should have effect;

(c) that the Convention has entered into force on the 15th June, 2007. SCHEDULE

C O N V E N T I O N BETWEEN MALTA AND THE KINGDOM OF MOROCCO FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME Government of Malta and the Government of the Kingdom of Morocco, conclude a Convention for the avoidance of double taxation and the fiscal evasion with respect to taxes on income,

AGREED AS FOLLOWS: ARTICLE 1 PERSONS COVERED

Convention shall apply to persons who are residents of one or both of the States.

ARTICLE 2 TAXES COVERED Convention shall apply to taxes on income imposed on behalf of a State or of its political subdivisions or local authorities, irrespective of which they are levied. shall be regarded as taxes on income all taxes imposed on total elements of income, including taxes on gains from the alienation of immovable property and taxes on the total amounts of wages or salaries enterprises. existing taxes to which the Convention shall apply are in particular:

the case of Malta: the income tax; (hereinafter referred to as "Malta tax"); the case of the Kingdom of Morocco: i) the general income tax; ii) the corporation tax; iii) the tax on income from shares or corporate rights and assimilated income; the tax on gains from immovable property; v) the participation in the national solidarity; the tax on income from fixed revenue investments; the tax on gains of movable values and other titles of capital and debt-claims; (hereinafter referred to as "Moroccan taxes").

Convention shall apply also to any identical or substantially similar are imposed after the date of signature of the Convention in addition to, the existing taxes. The competent authorities of the Contracting States shall notify each other of any substantial changes which have been respective taxation laws. ARTICLE 3 GENERAL DEFINITIONS