A double taxation agreement has been initialled between Malta and Curacao.

It was signed by Finance Minister Edward Scicluna and Curaçao's Minister for Finance, Jose Jardim. The Netherland's Ambassador to Malta, Rita Dulci Rahman was present.

The DTA facilitates business and also provides for exchange of information on tax matters to combat international tax avoidance and evasion.

The agreement now needs to be signed and ratified by both sides before it enters into force.