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Singapore’s agreement with Albania for the avoidance of double taxation (DTA) came into force on 19 July 2011.
The agreement is Singapore’s 67th DTA and will encourage and facilitate cross-border trade and investment between Singapore and Albania, by providing greater clarity on taxing rights and minimising the scope of double taxation between the two nations. Amongst other provisions, the DTA provides for tax exemption in the country of source on profits derived from the operations of ships or aircraft in international traffic and lower withholding tax rates for interest and royalties. The DTA also includes the internationally agreed Standard for the exchange of information for tax purposes upon request.
The full text of the DTA is available on the Inland Revenue Authority of Singapore’s (IRAS) website.
MINISTRY OF FINANCE
19 July 2011
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Last Reviewed on 19 Jul 2011 |
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