Ministry of Finance

Malawi-Seychelles Double Taxation Agreement Negotiations- 29th-31st March, 2011

The Ministry of Finance recently held negotiations with counterparts from the Seychelles Ministry of Finance on the Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income.  The negotiations were held in Lilongwe from 29th -31st March, 2011. 
 
The negotiations were concluded for all of the Articles in the Agreement.  In addition, the negotiations also covered two Protocols which set out modalities of how to implement the provisions of the Articles.  These Protocols are Exchange of Information and Assistance in Collection of Taxes. However, these Protocols are still being considered by both Parties.  
 
Representatives 

The draft Agreement was initialled by the 2 heads of delegations.  It is expected that the final Agreement and Protocols will be endorsed and signed by the respective Finance Ministers as soon as possible.

It should be reported that both parties acknowledged that the negotiations were held in a cordial manner, hence their successful conclusion.


 
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