S.L. 123.136 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 have been made with the Swiss Confederation with a view to affording relief from double taxation in relation to the following taxes imposed by the laws of the Swiss Confederation: - the federal, cantonal and communal taxes on income (total income, earned income, income from capital, industrial and commercial profits, capital gains, and other taxes on income);

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

(c) that the Convention has entered into force on the 6th July 2012. SCHEDULE

(Article 2)

C O N V E N T I O N BETWEEN MALTA AND THE SWISS CONFEDERATION FOR THE AVOIDANCE OF DOUBLE TAXATION WITH RESPECT TO TAXES ON INCOME

Government of Malta and the Swiss Federal Council conclude a Convention for the avoidance of double taxation with on income;

further develop their economic relationship and to enhance their tax matters;

to eliminate double taxation with respect to taxes on income without opportunities for non-taxation or reduced taxation through tax evasion or (including through treaty-shopping arrangements aimed at obtaining provided in this Convention for the indirect benefit of residents of third as follows:

Article 1

Persons covered Convention shall apply to persons who are residents of one or both of the States. Article 2 Taxes covered

Convention shall apply to taxes on income imposed on behalf of a State or of its political subdivisions or local authorities, irrespective of which they are 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 the Convention shall apply are: Malta: the income tax; (hereinafter referred to as "Malta tax"); b) in Switzerland: the federal, cantonal and communal taxes on income earned income, income from capital, industrial and commercial capital gains, and other items of income); (hereinafter referred to as "Swiss tax").