|
New Double Tax Treaties become effective
19 January 2012
This bulletin provides information about three new Conventions on the avoidance of double taxation and the prevention of fiscal evasion in relation to direct taxation (Double Tax Treaties). The new Double Tax Treaties have become effective from 1 January 2012
New Conventions
The Double Tax Treaties signed between Albania and Germany, Albania and Ireland and Albania and Singapore have become effective starting from 1 January 2012. The new Double Tax Treaties provide beneficial treatments for dividends, interest and royalties paid by an Albanian tax resident to residents of the Treaty countries.
The Double Tax Treaties provide rules on the taxation of capital gains from the transfer of shares, immovable properties etc.
The Albanian version of the Double Tax Treaty between Albania and Germany was published in the Official Gazette no. 81 dated 5 July 2010.
The Albanian version of the Double Tax Treaty between Albania and Ireland was published in the Official Gazette no. 9 dated 15 February 2010.
The Albanian version of the Double Tax Treaty between Albania and Singapore was published in the Official Gazette no. 42 dated 22 April 2011.
For Information
Arkadiusz Mierzejewski
Partner, Tax
Tel.: +355 (4) 2274 524
Fax: +355 (4) 2235 534
arekmierzejewski@kpmg.com
Alba Paparisto
Manager, Tax
Tel.: +355 (4) 2274 524
Fax: +355 (4) 2235 534
apaparisto@kpmg.com
|
