S.L. 123.37 Art. 2Arrangement to have effect. The Luxembourg, and the have agreed as This Contracting The existing (a) in (i) (ii) (iii) (iv) (v) (b) in the 2. The taxes which are or in place of, the shall notify respective 3. not apply to tax article (13) of any person substantially Convention.

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 Government of the Grand Duchy of Luxembourg with a view to affording relief from double taxation in relation to the following taxes imposed by the laws of the Grand Duchy of Luxembourg:

(i) the income tax on individuals;

(ii) the corporation tax;

(iii) the tax on fees of directors of companies;

(iv) the capital tax;

(v) the communal trade tax;

(b) that it is expedient that those arrangements should have effect. CONVENTION BETWEEN MALTA AND THE GRAND DUCHY OF LUXEMBOURG FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL

Government of Malta and the Government of the Grand Duchy of desiring to conclude a Convention for the avoidance of double taxation prevention of fiscal evasion with respect to taxes on income and on capital, follows:

ARTICLE 1

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

ARTICLE 2

Taxes Covered taxes to which the Convention shall apply are:

the Grand Duchy of Luxembourg: the income tax on individuals (l’impot sur le revenu des personnes physiques); the corporation tax (l’impot sur le revenu des collectivites); the tax on fees of directors of companies (l’impot special sur les tantiemes); the capital tax (l’impot sur la fortune); the communal trade tax (l’impot commercial communal); (hereinafter referred to as "Luxembourg tax"). Malta: income tax (hereinafter referred to as "Malta tax") Convention shall apply also to any identical or substantially similar imposed after the date of signature of the Convention in addition to, existing taxes. The competent authorities of the Contracting States each other of substantial changes which have been made in their taxation laws. Notwithstanding the other provisions of this Article this Convention shall paid or payable in Malta in accordance with the provisions of sub-article 56 of the Income Tax Act concerning the chargeable income of engaged in the production of petroleum produced in Malta or any similar provision which is imposed after the date of signature of this