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L.S. 123.14 Ordni dwar Eżenzjoni mill-Ħlas ta' Taxxa Doppja fuq l-Income mar-Repubblika ta' Franza

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DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 SUBSIDIARY LEGISLATION 123.14 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE ORDER 4th February, 1983 LEGAL NOTICE 5

1983, as amended by Legal Notices 238

1998 and 329

2010, as modified by S.L.123.183. 1. The title

this Order is Double Taxation Relief on Taxes on Income with the Republic

France Order. 2. It is hereby declared (a) that the arrangements specified in the Agreement set in the Schedule to this Order have been made with the Government

the Republic

France with a view to affording relief from double taxation and preventing fiscal evasion in relation to the following taxes imposed by the laws

the Republic

France: (

  1. i)the income tax; (
  2. ii)the corporation tax; including any withholding tax, prepayment (precompte) or advanced payment with respect to the aforesaid taxes; (
  3. b)that it is expedient that those arrangements should have effect. Title. Arrangements to have effect. 1 [ S.L.123.14 2 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE SCHEDULE AGREEMENT BETWEEN THE GOVERNMENT

THE REPUBLIC

MALTA AND THE GOVERNMENT

THE FRENCH REPUBLIC FOR THE AVOIDANCE

DOUBLE TAXATION AND THE PREVENTION

FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND CAPITAL The Government

the Republic

Malta and the Government

the French Republic desiring to conclude an Agreement for the avoidance

double taxation and the prevention

fiscal evasion with respect to taxes on income have agreed as follows: CHAPTER I Scope

the Agreement ARTICLE 1 Personal Scope This Agreement shall apply to persons who are residents

one or both

the Contracting States. ARTICLE 2 * Taxes Covered

(1)This Agreement shall apply to taxes on income and on capital imposed on behalf

each Contracting State or

its political subdivisions or local authorities, irrespective

the manner in which they are levied.

(2)There shall be regarded as taxes on income and on capital all taxes imposed on total income, on total capital, or on elements

income or

capital, including taxes on gains from the alienation

movable or immovable property, taxes on the total amounts

wages or salaries paid by enterprises, as well as taxes on capital appreciation.

(3)The existing taxes to which the Agreement shall apply are: (a) in the case

France: (

  1. i)the income tax; (
  2. ii)the corporation tax; including any withholding tax, prepayment (precompte) or advance payment with respect to the aforesaid taxes; (iii) the solidarity tax on wealth; (
  3. iv)the tax on salaries ("la taxe sur les salaires"); (
  4. v)widespread social security contributions (contributions sociales généralisées) and contributions for the reimbursement

the social debt (contributions pour le remboursement de la dette sociale); (hereinafter referred to as "French tax''); *as amended by Protocol reproduced in Legal Notice 329

2010. DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 3 (b) in the case

Malta: the income tax, (hereinafter referred to as "Malta tax").

(4)The Agreement shall apply also to any identical or substantially similar taxes which are imposed after the date

signature

this Agreement in addition to, or in place

, the existing taxes. The competent authorities

the Contracting States shall notify to each other any substantial changes which have been made in their respective taxation laws. CHAPTER II Definitions ARTICLE 3 General Definitions

(1)In this Agreement: (a) the term "France" means the European and overseas departments (Guadeloupe, Guyane, Martinque and Reunion)

the French Republic, and any area outside the territorial sea

those departments which is, in accordance with international law, an area within which France may exercise rights with respect to the sea-bed and subsoil and their natural resources; (b) the term "Malta" means the Republic

Malta and includes in addition to the Island

Malta, the Island

Gozo and the other islands

the Maltese Archipelago, together with the territorial waters thereof, and any area outside the territorial sea

Malta which, in accordance with international law, has been or may hereafter be designated, under the law

Malta concerning the Continental Shelf, as an area within which the rights

Malta with respect to the sea bed and subsoil and their natural resources may be exercised; (c) the term "person" means an individual, a company and any other body

persons; (

  1. d)the term "company" means any body corporate or any entity which is treated as a body corporate for tax purposes; (
  2. e)the terms "enterprise

a Contracting State" and "enterprise

the other Contracting State" mean respectively an enterprise carried on by a resident

a Contracting State and an enterprise carried on by a resident

the other Contracting State; (

  1. f)the term "nationals" means: (
  2. i)in respect

France, all individuals possessing the nationality

France; (ii) in respect

Malta all citizens

Malta as provided for in Chapter III

the Constitution

Malta and in the Maltese Citizenship Act; (iii) all legal persons, partnerships and associations deriving their status as such from the law in force in a Contracting State; (h) the term "international traffic" means any transport by ship or aircraft operated by an enterprise which has its place

effective management in a Contracting State, except when the ship or aircraft is operated solely between places in the other Contracting State; [ S.L.123.14 4 (i) DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE the term "competent authority" means (i) in the case

France, the Minister

Economy and Finance or his authorised representative; (ii) in the case

Malta, the Minister responsible for finance or his authorised representative.

(2)As regards the application

the Agreement by a Contracting State, any term not defined therein shall have the meaning which it has under the laws

that State concerning the taxes to which the Agreement applies. The meaning

a term under the taxation law

that State shall have priority over the meaning provided for such term in other branches

law

that State. ARTICLE 4 Fiscal Domicile

(1)For the purpose

this Agreement, the term "resident

a Contracting State" means any person who, under the law

that State, is liable to taxation therein by reason

his domicile, residence, place

management or any other criterion

a similar nature. But this term does not include any person who is liable to tax in that Contracting State in respect only

income from sources therein or capital situated in that State.

(2)Where by reason

the provisions

paragraph

(1)an individual is a resident

both Contracting States, then his status shall be determined as follows: (a) he shall be deemed to be a resident

the Contracting State in which he has a permanent home available to him. If he has a permanent home available to him in both Contracting States, he shall be deemed to be a resident

the Contracting State with which his personal and economic relations are closest (centre

vital interests); (b) if the Contracting State in which he has his centre

vital interests cannot be determined, or if he has not a permanent home available to him in either Contracting State, he shall be deemed to be a resident

the Contracting State in which he has a habitual abode; (c) if he has a habitual abode in both Contracting States or in neither

them, he shall be deemed to be a resident

the Contracting State

which he is a national; (d) if he is a national

both Contracting States or

neither

them, the competent authorities

the Contracting States shall settle the question by mutual agreement.

(3)Where by reason

the provisions

paragraph

(1)a person other than an individual is a resident

both Contracting States, then it shall be deemed to be a resident

the Contracting State in which its place

effective management is situated. ARTICLE 5 Permanent Establishment

(1)For the purposes

this Agreement, the term "permanent establishment" means a fixed place

business through which the business

an enterprise is wholly or partly carried on.

(2)The term "permanent establishment" shall include especially: DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE (

  1. a)(
  2. b)(
  3. c)(
  4. d)(
  5. e)(
  6. f)[ S.L.123.14 5 a place

management; a branch; an

fice; a factory; a workshop; and a mine, an oil or gas well, a quarry or any other place

extraction

natural resources including an

fshore drilling site.

(3)A building site or construction or installation project or supervisory activities in connection therewith shall constitute a permanent establishment provided that such site, project or activities last for more than twelve months.
(4)Notwithstanding the preceding provisions

this Article, the term "permanent establishment" shall be deemed not to include (a) the use

facilities solely for the purpose

storage, display or delivery

goods or merchandise, belonging to the enterprise; (b) the maintenance

a stock

goods or merchandise belonging to the enterprise solely for the purpose

storage, display or delivery; (c) the maintenance

a stock

goods or merchandise belonging to the enterprise solely for the purpose

processing by another enterprise; (d) the maintenance

a fixed place

business solely for the purpose

purchasing goods or merchandise, or for collecting information, for the enterprise; (e) the maintenance

a fixed place

business solely for the purpose

carrying on, for the enterprise, any other activity, if it has a preparatory or auxiliary character; (f) the maintenance

a fixed place

business solely for any combination

activities mentioned in sub-paragraphs (a) to (e)

this paragraph, provided that the overall activity

the fixed place

business resulting from this combination is

a preparatory or auxiliary character.

(5)Notwithstanding the provisions

paragraphs

(1)and
(2), if a person - other than an agent

an independent status to whom paragraph

(6)applies - is acting on behalf

an enterprise and has, and habitually exercises, in a Contracting State an authority to conclude contracts in the name

the enterprise, that enterprise shall be deemed to have a permanent establishment in that State in respect

any activities which that person undertakes for the enterprise, unless the activities

such person are limited to those mentioned in paragraph

(4)which, if exercised through a fixed place

business, would not make this fixed place

business a permanent establishment by virtue

that paragraph.

(6)An enterprise shall not be deemed to have a permanent establishment in a Contracting State merely because it carries on business in that State through a broker, general commission agent or any other agent

an independent status, where such persons are acting in the ordinary course

their business.

(7)The fact that a company which is resident

a Contracting State controls or is controlled by a company which is a resident

the other Contracting State, or which carries on business in that other State (whether through a permanent establishment or otherwise), shall not itself constitute either company a permanent establishment

the other. 6 [ S.L.123.14 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE CHAPTER III Taxation

Income ARTICLE 6 Income from Immovable Property

(1)Income from immovable property may be taxed in the Contracting State in which such property is situated.
(2)The term "immovable property" shall be defined in accordance with the taxation laws

the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property, rights to which the provisions

general law respecting landed property apply, usufruct

immovable property and rights to variable or fixed payments as consideration for the working

, or the right to work, mineral deposits, sources and other natural resources; ships, boats and aircraft shall not be regarded as immovable property.

(3)The provisions

paragraph

(1)shall apply to income derived from the direct use, letting, or use in any other form

immovable property.

(4)The provisions

paragraphs

(1)and
(3)shall also apply to the income from immovable property

an enterprise and to income from immovable property used for the performance

professional services.

(5)Where the ownership

shares or other rights in a company or legal person entitles the owner to the enjoyment

immovable property situated in a Contracting State and held by that company or legal person, income derived by the owner from the direct use, letting or use in any other form

his right or enjoyment may be taxed in that State. The provisions

this paragraph shall apply notwithstanding the provisions

Articles 7 and 14. ARTICLE 7 Business Profits

(1)The profits

an enterprise

a Contracting State shall be taxable only in that State unless the enterprise carries on business in the other Contracting State through a permanent establishment situated therein. If the enterprise carries on business as aforesaid, the profits

the enterprise may be taxed in the other State but only so much

them as is attributable to that permanent establishment.

(2)Subject to the provisions

paragraph

(3), where an enterprise

a Contracting State carries on business in the other Contracting State through a permanent establishment situated therein, there shall in each Contracting State be attributed to that permanent establishment the profits which it might be expected to make if it were a distinct and separate enterprise engaged in the same or similar activities under the same or similar conditions and dealing wholly independently with the enterprise

which it is a permanent establishment.

(3)In the determination

the profits

a permanent establishment, there shall be allowed as deductions expenses which are incurred for the purposes

the permanent establishment including executive and general administrative expenses so incurred, whether in the State in which the permanent establishment is situated or elsewhere.

(4)Insofar as it has been customary in a Contracting State to determine the profits to be attributed to a permanent establishment on the basis

an DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 7 apportionment

the total profits

the enterprise to its various parts, nothing in paragraph

(2)shall preclude that Contracting State from determining the profits to be taxed by such an apportionment as may be customary; the method

apportionment adopted shall, however, be such that the result shall be in accordance with the principles embodied in this Article.

(5)No profits shall be attributed to a permanent establishment by reason

the mere purchase by that permanent establishment

goods or merchandise for the enterprise.

(6)For the purposes

the preceding paragraphs, the profits to be attributed to the permanent establishment shall be determined by the same method year by year unless there is good and sufficient reason to the contrary.

(7)Where profits include items

income which are dealt with separately in other Articles

this Agreement, then the provisions

those Articles shall not be affected by the provisions

this Article. ARTICLE 8 Shipping and Air Transport

(1)Profits from the operation

ships and aircraft in international traffic shall be taxable only in the Contracting State in which the place

effective management

the enterprise is situated.

(2)If the place

effective management

a shipping enterprise is aboard a ship, then it shall be deemed to be situated in the Contracting State in which the home harbour is situated, or if there is no such home harbour, in the Contracting State

which the operator

the ship is a resident.

(3)The provisions

paragraph

(1)shall also apply to profits derived from the participation in a pool, a joint business or in an international operating agency. ARTICLE 9 Associated Enterprises Where (a) an enterprise

a Contracting State participates directly or indirectly in the management, control or capital

an enterprise

the other Contracting State; or (b) the same persons participate directly or indirectly in the management, control or capital

an enterprise

a Contracting State and an enterprise

the other Contracting State, and in either case conditions are made or imposed between the two enterprises in their commercial or financial relations which differ from those which would be made between independent enterprises, then any profits which would, but for these conditions, have accrued to one

the enterprises, but by reason

those conditions, have not so accrued, may be included in the profits

that enterprise and taxed accordingly. 8 [ S.L.123.14 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE ARTICLE 10* Dividends

(1)Dividends paid by a company which is a resident

a Contracting State to a resident

the other Contracting State may be taxed in that other State.

(2)However, such dividends may be taxed in the Contracting State

which the company paying the dividends is a resident, and according to the law

that State, but (a) where the dividends are paid by a company resident

France to a resident

Malta who is the beneficial owner thereof, the French tax so charged shall not exceed 15 per cent

the gross amount

the dividends. However, dividends paid by a company which is a resident

France and beneficially owned by a company which is a resident

Malta which holds directly at least 10 per cent

the capital

the company paying the dividends shall be taxable only in Malta; (b) where the dividends are paid by a company resident

Malta to a resident

France who is the beneficial owner thereof (i) Malta tax shall not exceed that chargeable on the company paying the dividends in respect

the profits so distributed; (ii) notwithstanding the provisions

sub-paragraph (i) Malta tax shall not exceed 15 per cent

the gross amount

the dividends if such dividends are paid out

gains or profits earned in any year in respect

receipt

tax benefits under the provisions regulating aids to industries in Malta, and the shareholder submits returns and accounts to the taxation authorities

Malta in respect

his income liable to Malta tax for the relative year

assessment. This paragraph shall not affect the taxation

the company in respect

the profits out

which the dividends are paid.

(3)The term "dividends" as used in this Article means income from shares, "jouissance" shares or "jouissance" rights, mining shares, founders shares or other rights, not being debt-claims, participating in profits, as well as income treated as a distribution by the taxation laws

the Contracting State

which the company making the distribution is a resident.

(4)The provisions

paragraphs

(1)and
(2)shall not apply if the recipient

the dividends, being a resident

a Contracting State, carries on business in the other Contracting State

which the company paying the dividends is a resident, through a permanent establishment situated therein, or performs in that other State professional services from a fixed base situated therein and the holding in respect

which the dividends are paid is effectively connected with such permanent establishment or fixed base. In such a case the provisions

Article 7or Article 14, as the case may be, shall apply.

(5)(a) A resident

Malta who receives from a company which is a resident

France dividends which, if received by a resident

France, would entitle such resident to a fiscal credit (avoir fiscal), shall be entitled to a payment from the French Treasury equal to such credit (avoir fiscal) subject to the deduction

the tax provided for in sub-paragraph (a)

paragraph

(2)

this Article. *as amended by Protocol reproduced in Legal Notice 329

2010. DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 9 (b) The provisions

sub-paragraph (a)

this paragraph shall apply only to a resident

Malta, being either (

  1. i)an individual; or (
  2. ii)a company which does not control the company paying the dividends; for the purposes

this sub-paragraph, a company shall be deemed to control another company when, either alone or together with one or more associated companies it controls directly or indirectly at least 10 per cent

the voting power

the other company, and two companies shall be deemed to be associated if one is controlled directly or indirectly by the other or both are controlled directly or indirectly by a third company in the manner aforesaid. (c) The provisions

sub-paragraph (a)

this paragraph shall not apply if the recipient

the payment from the French Treasury provided for under sub-paragraph (a)

this paragraph is not subject to Malta tax in respect

that payment. (d) Payments from the French Treasury provided for under sub-paragraph (a)

this paragraph shall be deemed to be dividends for the purposes

this Agreement.

(6)(a) Where the prepayment (precompte) is levied in respect

dividends paid by a company which is a resident

France to a resident

Malta who is not entitled to the payment from the French Treasury referred to in paragraph

(1)

this Article with respect to such dividends, that resident

Malta shall be entitled to the refund

the prepayment, subject to the deduction

tax with respect to the refunded amount in accordance with paragraph

(2)

this Article. (b) Amounts refunded under the provisions at sub-paragraph (a)

this paragraph shall be deemed to be dividends for the purposes

this Agreement.

(7)Where a company resident

Malta has in France a permanent establishment, the profits

this permanent establishment shall, after having borne the French corporation tax, be liable to a tax the rate

which shall not exceed 10 per cent, according to the law

France.

(8)The provisions

this Article shall not apply if it was the main purpose or one

the main purposes

any person concerned with the creation or the assignment

the shares or other rights in respect

which the dividend is paid to take advantage

this Article by means

that creation or assignment. ARTICLE 11 * Interest

(1)Interest arising in a Contracting State and paid to a resident

the other Contracting State may be taxed in that other State.

(2)However, such interest may be taxed in the Contracting State in which it arises, and according to the law

that State, but if the recipient is the beneficial owner

the interest, the tax so charged shall not exceed 5 per cent

the gross amount

the interest.

(3)Notwithstanding the provisions

paragraph

(2), any such interest as is mentioned in paragraph
(1)shall be taxable only in the Contracting State

which the beneficiary is a resident, if such interest is payable on loans granted or guaranteed by that State or a statutory body thereof.

(4)The term "interest" as used in this Article means income from debt-claims

*as amended by Protocol reproduced in Legal Notice 329

2010. 10 [ S.L.123.14 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE every kind, whether or not secured by mortgage, and whether or not carrying a right to participate in the debtor’s profits, and in particular, income from government securities and income from bonds or debentures, including premiums and prizes attaching to bonds or debentures. Penalty charges for late payment shall not be regarded as interest for the purpose

this Article.

(5)The provisions

paragraphs

(1)and
(2)shall not apply if the recipient

the interest, being a resident

a Contracting State, carries on business in the other Contracting State in which the interest arises, through a permanent establishment situated therein, or performs in that other State professional services from a fixed base situated therein, and the debt-claim in respect

which the interest is paid is effectively connected with such permanent establishment or fixed base. In such a case, the provisions

Article 7or Article 14, as the case may be, shall apply.

(6)Interest shall be deemed to arise in a Contracting State when the payer is that State itself, a political subdivision, a local authority, a statutory body thereof or a resident

that State. Where, however, the person paying the interest, whether he is a resident

a Contracting State or not, has in a Contracting State a permanent establishment in connection with which the indebtedness on which the interest is paid was incurred, and such interest is borne by such permanent establishment, then such interest shall be deemed to arise in the Contracting State in which the permanent establishment is situated.

(7)Where, owing to a special relationship between the payer and the recipient or between both

them and some other person, the amount

the interest paid, having regard to the debt-claim for which it is paid, exceeds the amount which would have been agreed upon by the payer and the recipient in the absence

such relationship, the provisions

this Article shall apply only to the last-mentioned amount. In that case, the excess part

the payment shall remain taxable according to the law

each Contracting State, due regard being had to the other provisions

this Agreement.

(8)The provisions

this Article shall not apply if it was the main purpose or one

the main purposes

any person concerned with the creation or the assignment

the debt-claim in respect

which the interest is paid to take advantage

this Article by means

that creation or assignment. ARTICLE 12 * Royalties

(1)Royalties arising in a Contracting State and paid to a resident

the other Contracting State may be taxed in that other State.

(2)However, such royalties may be taxed in the Contracting State in which they arise and according to the law

that State, but if the recipient is the beneficial owner

the royalties, the tax so charged shall not exceed 10 per cent

the amount

the royalties.

(3)Notwithstanding the provisions

paragraph

(2), payments

any kind received as a consideration for the use

, or the right to use, any copyright

literary, artistic or scientific work, including works recorded for broadcasting or television, shall be taxable only in the Contracting State

which the beneficiary is a resident, if such resident is the beneficial owner

the payments.

(4)The term "royalties" as used in this Article means payments

any kind *as amended by Protocol reproduced in Legal Notice 329

2010. DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 11 received as a consideration for the use

, or the right to use, any copyright

literary, artistic or scientific work including cinematographic films and works recorded for broadcasting or television, any patent, trade mark, design or model, plan, secret formula or process or for information concerning industrial, commercial or scientific experience.

(5)The provisions

paragraphs

(1),
(2)and
(3)shall not apply if the recipient

the royalties, being a resident

a Contracting State, carries on business in the other Contracting State in which the royalties arise, through a permanent establishment situated therein, or performs in that other State professional services from a fixed base situated therein, and the right or property in respect

which the royalties are paid is effectively connected with such permanent establishment or fixed base. In such a case, the provisions

Article 7or Article 14, as the case may be, shall apply.

(6)Royalties shall be deemed to arise in a Contracting State when the payer is that State itself, a political subdivision, a local authority, a statutory body thereof or a resident

that State. Where, however, the person paying the royalties, whether he is a resident

a Contracting State or not, has in a Contracting State a permanent establishment with which the right or property in respect

which the royalties are paid is effectively connected, and such royalties are borne by such permanent establishment, then such royalties shall be deemed to arise in the Contracting State in which the permanent establishment is situated.

(7)Where, owing to a special relationship between the payer and the recipient or between both

them and some other person, the amount

the royalties paid, having regard to the use, right or information for which they are paid, exceeds the amount which would have been agreed upon by the payer and the recipient in the absence

such relationship, the provisions

this Article shall apply only to the last-mentioned amount. In that case, the excess part

the payments shall remain taxable according to the law

each Contracting State, due regard being had to the other provisions

this Agreement.

(8)The provisions

this Article shall not apply if it was the main purpose or one

the main purposes

any person concerned with the creation or the assignment

the rights in respect

which the royalty is paid to take advantage

this Article by means

that creation or assignment. ARTICLE 13 Capital Gains

(1)Gains from the alienation

immovable property, as defined in paragraph

(2)

Article 6

or from the alienation

shares or comparable interest in a real property cooperative or in a company the assets

which consist directly or through one or more other companies or legal persons principally

immovable property, may be taxed in the Contracting State in which such property is situated.

(2)Gains from the alienation

movable property forming part

the business property

a permanent establishment which an enterprise

a Contracting State has in the other Contracting State or

movable property pertaining to a fixed base available to a resident

a Contracting State in the other Contracting State for the purpose

performing professional services, including such gains from the alienation

such a permanent establishment (alone or together with the whole enterprise) or

such a fixed base, may be taxed in the other State. However, gains from the alienation

movable property pertaining to the operation

ships and aircraft operated in international traffic shall be taxable only in the Contracting State in which the place

effective management

the enterprise is situated. 12 [ S.L.123.14 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE

(3)Gains from the alienation

shares forming part

a substantial interest in the capital

a company which is a resident

a Contracting State may be taxed in that State and according to the law

that State. For the purposes

this paragraph, a substantial interest shall be deemed to exist when the alienator, alone or together with associated or related persons, holds directly or indirectly shares which together give right to 25 per cent or more

the company profits.

(4)Gains from the alienation

any property other than those mentioned in paragraphs

(1),
(2)and
(3), shall be taxable only in the Contracting State

which the alienator is a resident. ARTICLE 14 Independent Personal Services

(1)Income derived by a resident

a Contracting State in respect

professional services or other independent activities

a similar character shall be taxable only in that State. However, such income may be taxed in the other Contracting State in the following circumstances: (a) if he has a fixed base regularly available to him in the other Contracting State for the purpose

performing his activities (in which case only so much

the income as is attributable to that fixed base may be taxed in that other Contracting State); or (b) if his stay in the other Contracting State is for a period or periods amounting to or exceeding in the aggregate 183 days during any calendar year.

(2)The term "professional services" includes, especially, independent scientific, literary, artistic, educational or teaching activities as well as the independent activities

physicians, lawyers, engineers, architects, dentists and accountants. ARTICLE 15 Dependent Personal Services

(1)Subject to the provisions

Articles 16, 18 and 19, salaries, wages and other similar remuneration derived by a resident

a Contracting State in respect

an employment shall be taxable only in that State unless the employment is exercised in the other Contracting State. If the employment is so exercised, such remuneration as is derived therefrom may be taxed in that other State.

(2)Notwithstanding the provisions

paragraph

(1), remuneration derived by a resident

a Contracting State in respect

an employment exercised in the other Contracting State shall be taxable only in the first-mentioned State if (

  1. a)the recipient is present in the other State for a period or periods not exceeding in the aggregate 183 days in the calendar year concerned; and (
  2. b)the remuneration is paid by, or on behalf

, an employer who is not a resident

the other State; and (c) the remuneration is not borne by a permanent establishment or a fixed base which the employer has in the other State.

(3)Notwithstanding the preceding provisions

this Article, remuneration in respect

an employment exercised aboard a ship or aircraft in international traffic may be taxed in the Contracting State in which the place

effective management

DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 13 the enterprise is situated. ARTICLE 16 Directors’ Fees Directors’ fees and similar payments derived by a resident

a Contracting State in his capacity as a member

the board

directors or other similar organ

a company which is a resident

the other Contracting State may be taxed in that other State. ARTICLE 17 Artistes and Athletes

(1)Notwithstanding the provisions

Articles 14 and 15, income derived by entertainers, such as theatre, motion picture, radio or television artistes, and musicians, and by athletes, from their personal activities as such may be taxed in the Contracting State in which these activities are exercised.

(2)Where income in respect

personal activities as such

an entertainer or athlete accrues not to that entertainer or athlete himself but to another person that income may, notwithstanding the provisions

Articles 7, 14 and 15, be taxed in the Contracting State in which the activities

the entertainer or athlete are exercised.

(3)Notwithstanding the provisions

paragraph

(1), remuneration or profits and wages, salaries and other similar income derived by entertainers and athletes from their personal activities as such in a Contracting State shall be taxable only in the other Contracting State if their visit to the first Contracting State is supported substantially from the public funds

that other Contracting State, one

its political subdivisions or local authorities or

a statutory body thereof.

(4)Notwithstanding the provisions

paragraph

(2), where income in respect

personal activities as such

entertainers and athletes in a Contracting State accrues not to that entertainer or athlete himself but to another person, notwithstanding the provisions

Articles 7, 14 and 15, that income shall be taxable only in the other Contracting State if this person is supported substantially from the public funds

that other Contracting State, one

its political subdivisions or local authorities or

a statutory body thereof, or if this person is a non-profit organisation

that other State. ARTICLE 18 Pensions

(1)Subject to the provisions

paragraph

(2)

Article 19

, pensions and other similar remuneration, and annuities paid to a resident

a Contracting State in consideration

past employment shall be taxable only in that State.

(2)Notwithstanding the provisions

paragraph

(1), pensions and other payments made under the social security legislation

a Contracting State shall be taxable only in that State.

(3)As used in this Article (a) the term "pensions and other similar remuneration" means periodic payments made after retirement in consideration

past employment, or by way

compensation for injuries received in connection with past employment; 14 [ S.L.123.14 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE (b) the term "annuity" means a stated sum paid periodically during life, or during a specified or ascertained period

time, under an obligation to make the payments in return for adequate and full consideration in money or money’s worth. ARTICLE 19 Government Service

(1)(a) Remuneration, other than a pension, paid by a Contracting State or a political subdivision or a local authority thereof to any individual in respect

services rendered to that State or subdivision or local authority thereof shall be taxable only in that State. (b) However, such remuneration shall be taxable only in the other Contracting State if the services are rendered in that State and the recipient is a resident

that other Contracting State who (i) is a national

that State; or (ii) did not become a resident

that State solely for the purpose

performing the services.

(2)(a) Any pension paid by, or out

funds created by, a Contracting State or a political subdivision or a local authority thereof to any individual in respect

services rendered to that State or subdivision or local authority thereof shall be taxable only in that State. (b) However, such pension shall be taxable only in the other Contracting State if the recipient is a national

and a resident

that State.

(3)The provisions

Articles 15, 16 and 18 shall apply to remuneration and pensions in respect

services rendered in connection with any business carried on by one

the Contracting States or a political subdivision or a local authority thereof. ARTICLE 20 Students

(1)Payments which a student or business apprentice who is or was immediately before visiting a Contracting State a resident

the other Contracting State and who is present in the first-mentioned Contracting State solely for the purpose

his education or training receives for the purpose

his maintenance, education or training shall not be taxed in that State, provided that such payments are made to him from sources outside that State.

(2)Remuneration which a student or business apprentice who is or was immediately before visiting a Contracting State a resident

the other Contracting State and who is present in the first-mentioned Contracting State solely for the purpose

his education or training derives from services rendered in that State shall not be taxed in that State provided that such services are in connection with his education or training or that the remuneration

such services is necessary to supplement the resources available to him for the purpose

his maintenance. ARTICLE 21 Teachers and Researchers

(1)A teacher or researcher who is or was immediately before visiting a DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 15 Contracting State a resident

the other Contracting State, and who is present in the first-mentioned Contracting State for the purpose

teaching or engaging in research shall be exempt from tax in that State for a period not exceeding two years on remuneration in respect

such activities.

(2)This Article shall not apply to income from research if such research is undertaken not in the public interest but primarily for the private benefit

a specific person or persons. ARTICLE 22 * Other Income

(1)Items

income beneficially owned by a resident

a Contracting State, wherever arising, not dealt with in the foregoing Articles

this Agreement shall be taxable only in that State if such resident is subject to tax in respect

those items

income in that State. If that requirement is not met, those items

income shall remain taxable in the other Contracting State and according to the laws

that other State.

(2)The provisions

paragraph

(1)shall not apply if the recipient

the income, being a resident

a Contracting State, carries on business in the other Contracting State through a permanent establishment situated therein, or performs in that other State professional services from a fixed base situated therein, and the right or property in respect

which the income is paid is effectively connected with such permanent establishment or fixed base. In such a case the provisions

Article 7or Article 14, as the case may be, shall apply.

(3)The provisions

this Article shall not apply if it was the main purpose or one

the main purposes

any person concerned with the creation or the assignment

the rights in respect

which the income is paid to take advantage

this Article by means

that creation or assignment. CHAPTER IV Taxation

Capital ARTICLE 23 Capital

(1)Capital represented by immovable property, as defined in paragraph
(2)

Article 6, may be taxed in the Contracting State in which such property is situated.

Capital represented by shares or other rights in a company or legal person the assets

which consist principally, directly or through one or more other companies or legal person,

immovable property situated in a Contracting State or

rights connected with such immovable property may be taxed in that State.

(2)Capital represented by movable property forming part

the business property

a permanent establishment

an enterprise, or by movable property pertaining to a fixed base used for the performance

professional services may be taxed in the Contracting State in which the permanent establishment or fixed base is situated.

(3)Ships and aircraft operated in international traffic and movable property pertaining to the operation

such ships and aircraft shall be taxable only in the *as amended by Protocol reproduced in Legal Notice 329

2010. 16 [ S.L.123.14 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE Contracting State in which the place

effective management

the enterprise is situated.

(4)All other elements

capital

a resident

a Contracting State shall be taxable only in that State. CHAPTER V Elimination

Double Taxation ARTICLE 24 * Elimination

Double Taxation

(1)In the case

France, double taxation shall be avoided in the following manner: (a) Income arising in Malta, which may be taxed or shall be taxable only in that State in accordance with the provisions

this Agreement, shall be taken into account for the computation

the French tax where the beneficiary

such income is a resident

France and where such income is not exempted from corporation tax according to French domestic law. In that case, the Malta tax shall not be deductible from such income, but the beneficiary shall be entitled to a tax credit against French tax. Such tax credit shall be equal (i) in the case

income which, according to the provisions

the Agreement, shall be taxable only in Malta, to the amount

French tax attributable to such income; (ii) in the case

income which, according to the provisions

the Agreement, may be taxed in Malta, to the amount

tax paid in Malta in accordance with the provisions

the Agreement; however, such tax credit shall not exceed the amount

French tax attributable to such income. (b) A resident

France who owns capital which may be taxed in Malta according to the provisions

the Agreement may also be taxed in France in respect

such capital. The French tax shall be computed by allowing a tax credit equal to the amount

the tax paid in Malta on such capital. However, such tax credit shall not exceed the amount

the French tax attributable to such capital. (c) It is understood that the term ''amount

French tax attributable to such income'' as used in sub-paragraph (

  1. a)means (
  2. i)where the tax on such income is computed by applying a proportional rate, the amount

the net income concerned multiplied by the rate which actually applies to that income; (ii) where the tax on such income is computed by applying a progressive scale, the amount

the net income concerned multiplied by the rate resulting from the ratio

the tax actually payable on the total net income taxable in accordance with French law to the amount

that total net income. This interpretation shall apply by analogy to the term ''amount

French tax attributable to such capital'' as used in sub-paragraph (b). (d) (i) It is understood that the term ''amount

tax paid in Malta'' as used in *as amended by Protocol reproduced in Legal Notice 329

2010. DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 17 sub-paragraphs (

  1. a)and (
  2. b)means the amount

Malta tax effectively and definitively borne in respect

the income or the items

capital in question, in accordance with the provisions

the Agreement, by the beneficiary or owner thereof who is a resident

France. (ii) Notwithstanding the provisions

sub-paragraph (i), in the case

income referred to in Articles 10, 11 and 12, arising in Malta and paid to a beneficiary who is a resident

France by a person to whom the Agreement applies, Malta tax shall be deemed to have been paid as follows: (aa) on dividends, at the rate

15 per cent as provided in paragraph 2(b)(ii)

Article 10

; (bb) on interest, at the rate

5 per cent as provided in paragraph

(2)

Article 11; and (cc) on royalties, other than those referred to in paragraph

(3)

Article 12

, at the rate

10 per cent as provided in paragraph

(2)

the said Article. Relief from French tax by virtue

this sub-paragraph (ii) shall be given for a period

ten years only, beginning with the date on which the Protocol for the 8th

July, 1994, entered into force. This period may, however, be extended by agreement between the Contracting States.

(2)In the case

Malta, double taxation shall be eliminated as follows: Subject to the provisions

the law

Malta regarding the allowance

a credit against Malta tax in respect

foreign tax, where, in accordance with the provisions

this Agreement, there is included in a Malta assessment income from sources within France, or elements

capital situated in France, the French tax on such income or elements

capital, as the case may be, shall be allowed as a credit against the relative Malta tax payable thereon.

(3)Where the Agreement provides that income arising in a Contracting State shall be relieved from tax in that State, either in full or in part, and, under the law in force in the other Contracting State, such income is subject to tax by reference to the amount thereof which is remitted to or received in that other State and not by reference to the full amount thereof, then the relief to be allowed in the firstmentioned State shall apply only to so much

the income as is remitted to or received in the other State. CHAPTER VI Special Provisions ARTICLE 25 Non-Discrimination

(1)The nationals

the Contracting State, whether or not they are residents

one

the Contracting States, shall not be subjected in the Contracting State to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which nationals

that other State in the same circumstances are or may be subjected. It is understood that an individual, legal person, partnership or association who is a resident

a Contracting State is not placed in the same circumstances as an individual, legal person, partnership or association who is not a resident

that State, even if, in the case

legal persons, partnerships or associations, those entities are considered, under sub- 18 [ S.L.123.14 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE paragraph (f)

paragraph

(1)

Article 3

, as nationals

the Contracting State

which they are residents.

(2)The taxation on a permanent establishment which an enterprise

a Contracting State has in the other Contracting State shall not be less favourably levied in that other State than the taxation levied on enterprises

that other State carrying on the same activities. This provision shall not be construed as obliging a Contracting State to grant to residents

the other Contracting State any personal allowances, reliefs and reductions for taxation purposes on account

civil status or family responsibilities which it grants to its own residents.

(3)Except where the provisions

Article 9, paragraph

(7)

Article 11, or paragraph

(7)

Article 12

, apply interest, royalties and other disbursements paid by an enterprise

a Contracting State to a resident

the other Contracting State shall, for the purpose

determining the taxable profits

such enterprise, be deductible under the same condition as if they had been paid to a resident

the first-mentioned State. Similarly, any debts

an enterprise

a Contracting State to a resident

the other Contracting State shall, for the purpose

determining the taxable capital

such enterprise, be deductible as if they had been contracted to a resident

the firstmentioned State.

(4)Enterprises

a Contracting State, the capital

which is wholly or partly owned or controlled, directly or indirectly by one or more residents

the other Contracting State, shall not be subjected in the first-mentioned Contracting State to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which other similar enterprises

that first-mentioned State are or may be subjected.

(5)In this Article, the term "taxation" means taxes

every kind and description. ARTICLE 26 Mutual Agreement Procedure

(1)Where a resident

a Contracting State considers that the actions

one or both

the Contracting States result or will result for him in taxation not in accordance with this Agreement, he may, notwithstanding the remedies provided by the national laws

those States, present his case to the competent authority

the Contracting State

which he is resident or, if his case comes under paragraph

(1)

Article 25

, to that

the Contracting State

which he is a national. This case must be presented within three years

the first notification

the action giving rise to taxation not in accordance wish the Agreement.

(2)The competent authority shall endeavour, if the objection appears to it to be justified and if it is not itself able to arrive at an appropriate solution, to resolve the case by mutual agreement with the competent authority

the other Contracting State, with a view to the avoidance

double taxation not in accordance with the Agreement; any agreement reached shall be implemented notwithstanding any time limits in the national laws

the Contracting State.

(3)The competent authorities

the Contracting States shall endeavour to resolve by mutual agreement any difficulties arising as to the application

the Agreement. DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 19 In particular, the competent authorities

the Contracting States may consult together to endeavour to agree (a) to the same attribution in both Contracting States

the profits attributable to a permanent establishment situated in a Contracting State

an enterprise

the other Contracting State; (b) to the same allocation

income between a resident

a Contracting State and any associated person referred to in Article 9. They may also consult together for the elimination

double taxation in cases not provided for in the Agreement.

(4)The competent authorities

the Contracting States may communicate with each other directly for the purpose

reaching an agreement in the sense

the preceding paragraphs. When it seems advisable in order to reach agreement to have an oral exchange

opinions, such exchange may take place through a Commission consisting

representatives

the competent authorities

the Contracting State.

(5)The competent authorities

the Contracting States may by mutual agreement settle the mode

application

this Agreement and, especially, the requirements to which the residents

a Contracting State shall be subjected in order to obtain the tax reliefs or exemptions provided for by this Agreement. ARTICLE 27 * Exchange

Information

(1)The competent authorities

the Contracting States shall exchange such information as is forseeably relevant for carrying out the provisions

this Agreement or to the administration or enforcement

the domestic laws concerning taxes

every kind and description imposed on behalf

the Contracting States, or

their political subdivisions or territorial authorities, insofar as the taxation thereunder is not contrary to the Agreement. The exchange

information is not restricted by Article

  1. Any information received under paragraph 1 by a Contracting State shall be treated as secret in the same manner as information obtained under the domestic laws

that State and shall be disclosed only to persons or authorities (including courts and administrative bodies) concerned with the assessment or collection

, the enforcement or prosecution in respect

, the determination

appeals in relation to, the taxes referred to in paragraph 1, or the oversight

the above. Such persons or authorities shall use information only for such purposes. They may disclose the information in public court proceeding or in judicial decisions. 3. In no case shall the provisions

paragraphs 1 and 2 be construed so as to impose on a Contracting State the obligation:

  1. a)
  2. b)
  3. c)to carry out administrative measures at variance with the laws and administrative practice

that or the other Contracting State; to supply information which is not obtainable under the laws or in the normal course

the administration

that or

the other Contracting State; to supply information which would disclose any trade, business, industrial, commercial or professional secret or trade process, or information the disclosure

which would be contrary to public policy *as substituted by Protocol reproduced in Legal Notice 329

2010. 20 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 (ordre public). 4. If information is requested by a Contracting State in accordance with this Article, the other Contracting State shall use its information gathering measures to obtain the requested information, even though that other State may not need such information for its own tax purposes. The obligation contained in the preceding sentence is subject to the limitations

paragraph 3 but in no case shall such limitations be construed to permit a Contracting State to decline to supply information solely because it has no domestic interest in such information. 5. In no case shall the provisions

paragraph 3 be construed to permit a Contracting State to decline to supply information solely because the information is held by a bank, other financial institution, nominee or person acting in an agency or fiduciary capacity or because it relates to ownership interests in a person. ARTICLE 28 Diplomatic and Consular

ficials

(1)Nothing in this Agreement shall affect the fiscal privileges

members

diplomatic missions and their personal domestics,

members

consular missions, or

members

permanent missions to international organisations under the general rules

international law or under the provisions

special agreements.

(2)Notwithstanding the provisions

Article 4

, an individual who is a member

a diplomatic or consular or permanent mission

a Contracting State which is situated in the other Contracting State or in a third State shall be deemed for the purposes

this Agreement to be a resident

the sending State if (

  1. a)in accordance with international law, he is not taxable in the receiving State on income from sources outside that State; and (
  2. b)he is liable in the sending State to the same obligations in relation to tax on his total world income as are residents

that sending State.

(3)This Agreement shall not apply to international organisations, to organs and

ficials thereof and to persons who are members

a diplomatic or consular or permanent mission

a third State, being preset in a Contracting State and not treated in either Contracting State as residents in respect

taxes on income and capital. ARTICLE 29 Territorial Extension

(1)This Agreement may be extended, either in its entirety or with any necessary modifications, to the overseas territories

the French Republic which imposes taxes substantially similar in character to those to which the Agreement applies. Any such extension shall take effect from such date and subject to such modifications and conditions, including conditions as to termination, as may be specified and agreed between the Contracting States in notes to be exchanged through diplomatic channels or in any other manner in accordance with their constitutional procedures.

(2)Unless otherwise agreed by both Contracting States, the termination

the Agreement by one

them under Article 31 shall also terminate, in the manner provided for in that Article, the application

the Agreement to any territory to which it has been extended under this Article. DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 21 CHAPTER VII Final Provisions ARTICLE 30 Entry into Force

(1)Each Contracting State shall notify to the other the completion

the procedure required by its law for the bringing into force

this Agreement. This Agreement shall enter into force on the first day

the second month following the month in which the later

these notifications has been given.

(2)Its provisions shall apply for the first time (a) as regards taxes withheld at source, to amounts payable on or after the date

entry into force

this Agreement; (b) as regards other taxes on income, to income derived during the calendar year in which the Agreement entered into force, or relating to the accounting period ending during this year. ARTICLE 31 Termination

(1)This Agreement shall remain in force indefinitely. However, after 1981, each Contracting State may terminate the Agreement by giving at least six months written notice through diplomatic channels.
(2)In such an event, its provisions shall apply for the last time (a) as regards taxes withheld at source, the sums payable before or on the 31st December

the calendar year during which the termination has been notified; (b) as regards other taxes on income, to income derived during the calendar year during which the termination has been notified or relating to the accounting period ending during such year. IN WITNESS WHEREOF the undersigned, duly authorised thereto, have signed this Agreement. DONE at Valletta this twenty fifth day

July 1977, in duplicate, in the French and English languages, both texts being equally authentic. For the Government

the French Republic For the Government

the Republic

Malta SERGE GELADE JOSEPH ABELA 22 [ S.L.123.14 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE PROTOCOL * At the time

signature

the Agreement between the Government

the Republic

Malta and the Government

the French Republic for the Avoidance

Double Taxation and the Prevention

Fiscal Evasion with respect to Taxes on Income, the undersigned have agreed upon the following provisions. I. In respect

Article 5

, an insurance enterprise

a Contracting State shall be deemed to have a permanent establishment in the other Contracting State if it collects premiums and insures risks therein. II. In respect

paragraphs

(1)and
(2)

Article 7

, where an enterprise

a Contracting State sells goods or merchandise or carries on business in the other Contracting State through a permanent establishment situated therein, the profits

this permanent establishment are not determined on the basis

the total amount received by the enterprise, but are determined only on the basis

the remuneration which is attributable to the actual activity

the permanent establishment for such sales or business. In the case

contracts for the survey, supply, installation or construction

industrial, commercial or scientific equipment or premises, or

public works, when the enterprise has a permanent establishment the profits

such permanent establishment are not determined on the basis

the total amount

the contract, but are determined only on the basis

that part

the contract which is effectively carried out by the permanent establishment in the Contracting State where the permanent establishment is situated. The profits related to that part

the contract which is carried out by the head

fice

the enterprise shall be taxable only in the Contracting State

which the enterprise is a resident. III. In respect

paragraph

(1)

Article 7

, payments

any kind received as a consideration for the use

, or the right to use, industrial, commercial or scientific equipment shall be deemed to be profits

an enterprise to which the provisions

Article 7apply.

Similarly, payments received as a consideration for studies or surveys

a scientific, geological or technical nature, or for consultant or supervisory services shall be deemed to be payments to which the provisions

Article 7apply.

IV. In respect

Article 8

: (a) where profits derived from the operation

a ship in international traffic by an enterprise whose place

effective management is situated in Malta are exempt from tax under the provisions

article 86

the Merchant Shipping Act, or under any identical or similar provisions, such profits may be taxed in France unless it is proved to the satisfaction

the competent authority

France that not more than 25 per cent

the capital

the company owning the relative ship is controlled, directly or indirectly, by persons not residents

Malta; (b) where a person who is a resident

France participates directly or indirectly in the management, control or capital

such an enterprise, such person shall be taxable in France in respect

that part

the profits, derived by such enterprise and exempt from tax in Malta as aforesaid, which is appropriate to the participating

such person in the enterprise. V. In respect

Articles 11 and 12, where any interest or royalties derived from Malta are received by a resident

France, tax in Malta is charged on the amount

the interest or royalties as reduced by all expenses properly attributable thereto. If *as amended by Protocol reproduced in Legal Notice 329

2010. DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 23 the tax so charged is in excess

10 per cent

the gross amount

the interests or royalties (that is before the deduction

the aforesaid expense), the tax is reduced so as not to exceed 10 per cent

the gross interests or royalties. VI. In respect

Article 25: (a) Nothing in paragraph

(1)shall be construed as preventing France from granting only to persons possessing French nationality the benefit

the exemption

the gains derived from the alienation

immovable property or parts

immovable property constituting the residence in France

French persons who are not residents

France, as provided in Article 6 - 11

the law no. 76.660

July 19, 1976; and (b) Nothing in paragraph

(3)shall be construed as preventing France from applying the provision

Article 212

the "Code General des Impots" as regards interest paid by a French Company to a foreign mother Company. VII Where, under any provision

the Agreement, income or gains is or are wholly or partly relieved from tax in a State and, under the laws in force in the other State, an individual, in respect

the said income or gains, is subject to tax by reference to the amount thereof which is remitted to or received in that other State, and not by reference to the full amount thereof, then the relief to be allowed under this Agreement in the first-mentioned State shall apply only to so much

the income or gains as is remitted to or received in that other State. VIII. (a) The provisions

the Agreement and

this Protocol - other than the provisions

this paragraph - shall not apply to persons entitled to any special tax benefit under: (i) a law

either one

the Contracting States which has been identified in an exchange

letters between the Contracting States; or (

  1. ii)any substantially similar law subsequently enacted. (
  2. b)Without prejudice to the provisions

sub-paragraph (a), the provisions

the Agreement and

this Protocol - other than the provisions

this paragraph shall not apply to: (

  1. i)dividends paid by persons referred to in sub-paragraph (a); and (
  2. ii)other items

income derived from persons referred to in sub-paragraph (a) by associated enterprises as defined in sub-paragraph (a)

(b)

Article 9; and (iii) shares or rights in persons referred to in sub-paragraph (a).

IN WITNESS WHEREOF the undersigned have signed the present Protocol which shall have the same force and validity as if it were inserted word by word in the Agreement. DONE at Valletta this twenty fifth day

July 1977, in duplicate, in the French and English languages, both texts being equally authentic. For the Government

the French Republic For the Government

the Republic

Malta SERGE GELADE JOSEPH ABELA 24 [ S.L.123.14 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE Legal Notice 329

2010: PROTOCOL AMENDING THE AGREEMENT BETWEEN THE GOVERNMENT

MALTA AND THE GOVERNMENT

THE FRENCH REPUBLIC FOR THE AVOIDANCE

DOUBLE TAXATION AND THE PREVENTION

FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL SIGNED IN VALLETTA ON 25TH JULY 1977 AND AMENDED BY THE PROTOCOL SIGNED IN VALLETTA ON 8TH JULY 1994 AND EXCHANGE

LETTERS

8TH JULY 1994 The Government

Malta and The Government

the French Republic, desiring to amend the Agreement between the Government

the Republic

Malta and the Government

the French Republic for the Avoidance

Double Taxation and the Prevention

Fiscal Evasion with respect to Taxes on Income and on Capital, signed on 25th July 1977 and amended on 8th July 1994 (hereinafter referred to as "the Agreement"), have agreed as follows: Article 1 Article 2

the Agreement is amended as follows: 1. A subparagraph 3

  1. a)
  2. iv)worded "the tax on salaries ("la taxe sur les salaires");" is added. 2. A subparagraph 3
  3. a)
  4. v)worded as follows is added: "(
  5. v)widespread social security contributions (contributions sociales généralisées) and contributions for the reimbursement

the social debt (contributions pour le remboursement de la dette sociale);". 3. In subparagraph 3 b), the words “and surtax including prepayments

tax whether made by deduction at source or otherwise” are deleted. Article 2 Article 10

the Agreement is amended as follows: 1. The subparagraph 2

  1. a)is deleted and replaced by the following subparagraph: "2.
  2. a)Where the dividends are paid by a company resident

France to a resident

Malta who is the beneficial owner thereof, the French tax so charged shall not exceed 15 per cent

the gross amount

the dividends. However, dividends paid by a company which is a resident

France and beneficially owned by a company which is a resident

Malta which holds directly at least 10 per cent

the capital

the company paying the dividends shall be taxable only in Malta.". 2. In paragraph 3, the words "income from other corporate rights which is subjected to the same taxation treatment as income from shares by the taxation law

the State

which the company making the distribution is a resident" are deleted DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 25 and replaced by the following words "income treated as a distribution by the taxation laws

the Contracting State

which the company making the distribution is a resident".

  1. In subparagraph 5 a), the words "sub-paragraph (a)(ii)" shall be replaced by the words "sub-paragraph (a)".
  2. A new paragraph worded as follows is added: "
  3. The provisions

this Article shall not apply if it was the main purpose or one

the main purposes

any person concerned with the creation or the assignment

the shares or other rights in respect

which the dividend is paid to take advantage

this Article by means

that creation or assignment.". Article 3 Article 11

the Agreement is amended as follows:

  1. In paragraph 2, "10 per cent" is replaced by "5 per cent".
  2. A new paragraph worded as follows is added: "
  3. The provisions

this Article shall not apply if it was the main purpose or one

the main purposes

any person concerned with the creation or the assignment

the debt-claim in respect

which the interest is paid to take advantage

this Article by means

that creation or assignment.". Article 4 In Article 12

the Agreement, a new paragraph worded as follows is added: "8. The provisions

this Article shall not apply if it was the main purpose or one

the main purposes

any person concerned with the creation or the assignment

the rights in respect

which the royalty is paid to take advantage

this Article by means

that creation or assignment.". Article 5 Article 22

the Agreement is amended as follows:

  1. Paragraph 1 is deleted and replaced by the following paragraph: "
  2. Items

income beneficially owned by a resident

a Contracting State, wherever arising, not dealt with in the foregoing Articles

this Agreement shall be taxable only in that State if such resident is subject to tax in respect

those items

income in that State. If that requirement is not met, those items

income shall remain taxable in the other Contracting State and according to the laws

that other State.".

  1. A new paragraph worded as follows is added: "
  2. The provisions

this Article shall not apply if it was the main purpose or one

the main purposes

any person concerned with the creation or the assignment

the rights in respect

which the income is paid to take advantage

this Article by means

that creation or assignment.". Article 6 In subparagraph 1 d) ii) bb)

Article 24

the Agreement, "10%" is replaced by "5%". 26 [ S.L.123.14 DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE Article 7 The provisions

Article 27

the Agreement are deleted and replaced by the following provisions: "1. The competent authorities

the Contracting States shall exchange such information as is forseeably relevant for carrying out the provisions

this Agreement or to the administration or enforcement

the domestic laws concerning taxes

every kind and description imposed on behalf

the Contracting States, or

their political subdivisions or territorial authorities, insofar as the taxation thereunder is not contrary to the Agreement. The exchange

information is not restricted by Article

  1. Any information received under paragraph 1 by a Contracting State shall be treated as secret in the same manner as information obtained under the domestic laws

that State and shall be disclosed only to persons or authorities (including courts and administrative bodies) concerned with the assessment or collection

, the enforcement or prosecution in respect

, the determination

appeals in relation to, the taxes referred to in paragraph 1, or the oversight

the above. Such persons or authorities shall use information only for such purposes. They may disclose the information in public court proceeding or in judicial decisions. 3. In no case shall the provisions

paragraphs 1 and 2 be construed so as to impose on a Contracting State the obligation: a) to carry out administrative measures at variance with the laws and administrative practice

that or the other Contracting State; b) to supply information which is not obtainable under the laws or in the normal course

the administration

that or

the other Contracting State; c) to supply information which would disclose any trade, business, industrial, commercial or professional secret or trade process, or information the disclosure

which would be contrary to public policy (ordre public). 4. If information is requested by a Contracting State in accordance with this Article, the other Contracting State shall use its information gathering measures to obtain the requested information, even though that other State may not need such information for its own tax purposes. The obligation contained in the preceding sentence is subject to the limitations

paragraph 3 but in no case shall such limitations be construed to permit a Contracting State to decline to supply information solely because it has no domestic interest in such information. 5. In no case shall the provisions

paragraph 3 be construed to permit a Contracting State to decline to supply information solely because the information is held by a bank, other financial institution, nominee or person acting in an agency or fiduciary capacity or because it relates to ownership interests in a person.". Article 8 The Protocol

the Agreement is amended as follows:

  1. Paragraph V is deleted and paragraphs VI and VII shall be renumbered as paragraphs V and VI respectively.
  2. A new paragraph worded as follows is added: DOUBLE TAXATION RELIEF ON TAXES ON INCOME WITH THE REPUBLIC

FRANCE [ S.L.123.14 27 "VII. Where, under any provision

the Agreement, income or gains is or are wholly or partly relieved from tax in a State and, under the laws in force in the other State, an individual, in respect

the said income or gains, is subject to tax by reference to the amount thereof which is remitted to or received in that other State, and not by reference to the full amount thereof, then the relief to be allowed under this Agreement in the firstmentioned State shall apply only to so much

the income or gains as is remitted to or received in that other State.". Article 9 1. Each

the Contracting States shall notify to the other the completion

the procedures required as far as it is concerned for the bringing into force

this Protocol. This Protocol shall enter into force on the first day

the second month following the day when the latter

these notifications has been received. 2. The provisions

the Protocol shall apply for the first time: a) b) c) in respect

taxes withheld at source, to amounts taxable on or after the date

entry into force

the Protocol; in respect

taxes on income which are not withheld at source, to income relating to the calendar year or accounting period, as the case may be, during which the Protocol enters into force*; in respect

the other taxes, to taxation the taxable event

which will occur on or after the date

entry into force

the Protocol. 3. The provisions

the Protocol shall remain in force as long as the Agreement shall remain in force. In witness whereof, the undersigned, duly authorised thereto, have signed this Protocol. Done at Valletta, this 29th day

August, 2008, in duplicate, in the English and French languages, both texts being equally authentic. Tonio Fenech For the Government

Malta *1st June 2010 - see Legal Notice 329

2010. Eric Woerth For the Government

French Republic

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AI explanation based on the official legal text. Indicative, not a substitute for legal advice.