S.L. 123.188 Art. 2Arrangements to have effect.

It is hereby declared:-

(a) that the arrangements specified in the Convention set out in the Schedule to this Order (hereinafter referred to as "the Convention") have been made with the Government of the Principality of Monaco with a view to affording relief from double taxation in relation to the following taxes imposed by the laws of the Principality of Monaco:

(i) the profit tax on commercial income levied from individual persons;

(ii) the profit tax levied from companies

(b) that it is expedient that those arrangements should have effect following the entry into force of the Convention and in accordance with the relevant provisions of the Convention;

(c) that the Agreement has entered into force on 16th May, 2019.

SCHEDULE CONVENTION BETWEEN THE GOVERNMENT OF THE REPUBLIC OF MALTA AND THE GOVERNMENT OF THE PRINCIPALITY OF MONACO

FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME

The Government of the Republic of Malta and The Government of the Principality of Monaco desiring to conclude a Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, have agreed as follows:

ARTICLE 1 PERSONS COVERED

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

ARTICLE 2 TAXES COVERED