With which countries do we not pay double taxation? - List/ Agreements with 43 countries in the world, income is taxed only once
It is now time for businesses to close their balance sheets and file their respective declarations. Also, the DIVA declaration is due by March 31. But which countries do we have agreements with to avoid double taxation?
In total, the list of agreements ratified by the Assembly "For the Avoidance of Double Taxation and the Prevention of Fiscal Evasion", which are in force, contains 43 countries.
The first agreements were ratified in 1993-94, involving Poland, Romania, Malaysia, Hungary, Turkey, Czech Republic, Russia, Macedonia, Croatia, Italy, Bulgaria, Sweden, Norway, Greece.
From 2000 to 2010, agreements were ratified with Malta, Switzerland, Moldova, Belgium, China, France, Egypt, the Netherlands, Kosovo, Serbia, Montenegro, Austria, Slovenia, Latvia, South Korea, Bosnia and Herzegovina, Luxembourg, Ireland, Estonia, Germany, Kuwait and Spain.
Since 2011 and currently, Singapore, Qatar, India, Great Britain and Northern Ireland, the United Arab Emirates, Iceland, Saudi Arabia and Israel have joined the list.
The agreements apply to persons who are residents of one or both of the contracting states and cover taxes on income and on capital imposed on behalf of a contracting state, regardless of the manner in which they are levied.
Taxes on income and on capital are considered all taxes imposed on total income, on total capital, or on elements of income or of capital, including taxes on gains from the alienation of movable or immovable property.
real estate, taxes on the total amounts of wages paid by employers, as well as taxes on capital revaluation.
Specifically, the profits of an enterprise of a Contracting State shall be taxable only in that State unless the enterprise carries on business in the other Contracting State through a permanent establishment situated therein.
If the enterprise carries on business in the manner mentioned above, the profits of the enterprise may be taxed in the other State but only so much of them as is attributable to that permanent establishment.
Income derived by a resident of a Contracting State from immovable property (including income from agriculture and forestry) situated in the other Contracting State may be taxed in that other State.
If an individual works in one of these countries, but receives income from an Albanian company, he is taxed only in Albania, or vice versa.
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