Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Albania

Summary

This agreement was signed between the governments of Poland and Albania to prevent double taxation and provide fiscal evasion protection.

Key Features

• Taxes Covered: Income tax and other taxes, including corporate income tax and personal income tax.
• Methods to Avoid Double Taxation: Credit method and exemption method.
• Prevention of Fiscal Evasion: Exchange of information, mutual assistance in tax collection, and cooperation to prevent tax evasion.

Benefits

The agreement provides various benefits, including:

• Elimination of double taxation, reducing the tax burden for individuals and businesses.
• Enhanced cooperation between tax authorities, leading to improved tax administration and compliance.
• Increased transparency and reduced opportunities for tax avoidance and evasion.

Updates and Amendments

The agreement has been amended several times over the years to reflect changes in tax laws and international standards. The latest amendment was made in 2022.

Conclusion

The Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Albania is a crucial element in the tax relationship between the two countries. It ensures fair and equitable taxation, promotes cooperation, and helps prevent tax avoidance and evasion. The agreement continues to be an essential tool in facilitating cross-border economic activities and maintaining strong diplomatic ties.