S.L. 123.196 Art. 2Arrangements to have effect.

It is hereby declared:

(a) that the arrangements specified in the Agreement set out in the Schedule (hereinafter referred to as "the Agreement") have been made with the Government of the Republic of Armenia with a view to affording relief from double taxation in relation to the following tax imposed by the laws of the Government of the Republic of Armenia:

(i) the profit tax; and

(ii) the income tax;

(b) that it is expedient that those arrangements shall have effect following the entry into force of the Agreement and in accordance with the relevant provisions of the Agreement.

*See Legal Notice 41 of 2022. SCHEDULE (Article 2)

AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF ARMENIA AND THE GOVERNMENT OF THE REPUBLIC OF MALTA

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

The Government of the Republic of Armenia and the Government of the Republic of Malta,

Desiring to further develop their economic relationship and to enhance their co-operation in tax matters

Intending to conclude an Agreement for the elimination of double taxation with respect to the taxes on income without creating opportunities for non-taxation or reduced taxation through tax evasion or avoidance (including through treaty-shopping arrangements aimed at obtaining reliefs provided in this Agreement for the indirect benefit of residents of third States), have agreed as follows:

ARTICLE 1 Persons Covered

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

ARTICLE 2 Taxes Covered