S.L. 123.42 ст. 2Arrangements to have effect. The an Agreement evasion with economic and respect interference in This Contracting 1. This Contracting manner in 2. There income, or on movable or 3. The (a) in (b) in 4. This taxes which or in place of, shall notify respective

It is hereby declared;

(a) that the arrangements specified in the Agreement set out in the Schedule to this Order have been made with the Government of Romania with a view to affording relief from double taxation in relation to the following taxes imposed by the laws of Romania:

(i) the tax on income derived by individuals;

(ii) the tax on profit;

(iii) the tax on salaries and other similar remuneration;

(iv) the tax on dividends;

(v) the tax on agricultural income;

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

AGREEMENT BETWEEN THE GOVERNMENT OF MALTA AND THE GOVERNMENT OF ROMANIA 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 Romania, desiring to conclude for the avoidance of double taxation and the prevention of fiscal respect to taxes on income, and to promote and strengthen the relations between the two countries on the basis of national sovereignty of independence, full equal rights, mutual advantage and non-the internal affairs, have agreed as follows:

ARTICLE 1

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

ARTICLE 2

Taxes Covered Agreement shall apply to taxes on income imposed by each of the States or by its territorial - administrative units, irrespective of the 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. existing taxes to which this Agreement shall apply are in particular:

the case of Romania:

(i) the tax on income derived by individuals;

(ii) the tax on profit;

(iii) the tax on salaries and other similar remuneration;

(iv) the tax on dividends; and

(v) the tax on agricultural income; (hereinafter referred to as "Romanian tax"); the case of Malta: the income tax; (hereinafter referred to as "Malta tax"). Agreement shall also apply to any identical or substantially similar are imposed after the date of signature of this Agreement in addition to, the existing taxes. The competent authorities of the Contracting States each other of any significant changes which have been made in their taxation laws. ARTICLE 3

General Definitions