S.L. 123.120 Art. 2Arrangements to have effect. The Agreement for with respect to This Parties. 1. This or of its which they are 2. There income, or on movable or paid by 3. The (a) in the (b) in 4. The similar taxes to, or in place of, notify each other laws. 1. For the (a) the the with or Jersey, as the any other bo

It is hereby declared:-

(a) that the arrangements specified in the Agreement set out in the Schedule have been made with the Government of Jersey with a view to affording relief from double taxation in relation to the following tax imposed by the laws of Jersey: - income tax;

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

(c) that the Convention has entered into force on the 19th July, 2010. AND JERSEY 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 Jersey, desiring to conclude an the avoidance of double taxation and the prevention of fiscal evasion taxes on income, have agreed as follows:

Article 1 PERSONS COVERED Agreement shall apply to persons who are residents of one or both of the

Article 2

TAXES COVERED Agreement shall apply to taxes on income imposed on behalf of a Party political subdivisions or local authorities, irrespective of the manner in 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 this Agreement shall apply are: the case of Malta: income tax (hereinafter referred to as "Malta tax"); and the case of Jersey: income tax (hereinafter referred to as "Jersey tax").

Agreement shall apply also to any identical taxes or substantially imposed after the date of the signature of this Agreement, in addition the existing taxes. The competent authorities of the Parties shall of any significant changes which have been made in their taxation

Article 3 GENERAL DEFINITIONS purposes of this Agreement, unless the context otherwise requires:

term "Malta" means the Republic of Malta and, when used in a geographical sense, means the island of Malta, the island of Gozo and other islands of the Maltese archipelago including the territorial waters thereof, as well as any area of the sea-bed, its sub-soil and the superjacent water column adjacent to the territorial waters, wherein Malta exercises sovereign rights, jurisdiction, or control in accordance international law and its national law, including its legislation relating to the exploration of the continental shelf and exploitation of its

(c) the terms "a Party" and "the other Party" mean Malta context requires;

(d) the term "person" includes an individual, a company and of persons;

(e) the term "company" means any body corporate or any treated as a body corporate for tax purposes;

(f) the terms "enterprise of a Party" and "enterprise of mean respectively an enterprise carried on by a resident an enterprise carried on by a resident of the other Party;

(g) the term "international traffic" means any transport by operated by an enterprise of a Party, except when the operated solely between places in the other Party;

(h) the term "competent authority" means:

(i) in the case of Malta: the Minister responsible for authorised representative;

(ii) in the case of Jersey, the Minister for Treasury his authorised representative;

(i) the term "national" or "citizen", in relation to a Party, applicable:

(i) any individual possessing the nationality or citizenship

(ii) any legal person, partnership or association deriving such from the laws in force in a Party.