Category: Albania
Albania joins Inclusive Framework on BEPS to address multinational tax issues
The OECD today announced that Albania has become the 133rd nation to join the “Inclusive Framework on BEPS.” ... - Continue reading
Panama thumbs its nose at transparency – again
We have on several occasions fingered Panama as a particularly recalcitrant secrecy jurisdiction: our recent Panama Narrative Report spills a fair number of beans in that respect. Its recalcitrance is perhaps hardly surprising, given the quantity of Colombian and Mexican drugs money believed to be sheltered there – to name… – Continue reading
Swiss Council Adopts Dispatch On Albania DTA Protocol
The Swiss Federal Council has adopted a dispatch on a protocol to the double tax agreement (DTA) with Albania. The protocol was signed on September 9 and the dispatch was adopted on November 11. Its aim is to bring the DTA into line with Switzerland’s current policy on tax agreements…. – Continue reading
Switzerland – Albania Amending Protocol Signed
On 9 September 2015, Switzerland and Albania signed an Amending Protocol to their existing Income and Capital Tax Treaty of 1999. The amending protocol will come into force after the two countries exchange ratification instruments. The provisions of the amending protocol will have effect from 1 January of the calendar… – Continue reading
British Virgin Islands uprated for tax compliance
The British Virgin Islands had the highest rate of tax compliance out of 12 countries reviewed by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes, reports Public Finance International. The forum, which has 127 member nations, exists to implement internationally agreed transparency standards and the… – Continue reading
The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports
On August 3, 2015 the Global Forum on Transparency and Exchange of Information for Tax Purposes published 12 new peer review reports. Phase 1 reports were published on: Albania, Burkina Faso, Cameroon, Dominican Republic, Lesotho, Pakistan and Uganda. The reports assessed these countries’ legal and regulatory frameworks for transparency and… – Continue reading
Tax Inspectors Shrug Off Borders to Track Multinational Evasion
Step aside, Doctors Without Borders. A new class of professionals is ignoring national frontiers to come to the aid of economically struggling nations. A team called Tax Inspectors Without Borders will begin helping developing countries deal with the flood of income to low-tax jurisdictions once it’s established next week by… – Continue reading
Cabinet to remove Austria from list of risky countries for transfer pricing on August 1, 2015
Ukraine’s Cabinet of Ministers will remove Austria from the list of countries transactions with whose counterparties are subject to control under the law on transfer pricing on August 1, 2015. This is stipulated in Cabinet resolution No. 677 dated July 1, 2015, which is available on the government website on… – Continue reading
UAE ratifies DTAs with Albania and Chile
President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has issued a number of federal decrees ratifying a number of agreements concluded with the governments of friendly countries. The decrees have been published in the recent issue of the federal official gazette, reports the Gulf Today. Sheikh Khalifa issued Federal… – Continue reading
Cabinet adds Austria, Turkmenistan, Hong Kong to states subject to transaction control
The Cabinet of Ministers of Ukraine has added Austria, Turkmenistan, Hong Kong and Niue to the list of countries transactions with which are subject to control under the administration of the law on transfer pricing. Corresponding Cabinet decree No. 449 dated May 14 has been posted on the website of… – Continue reading
Countries and Companies Square Off Over International Tax
An OECD initiative on tax evasion is causing ripples around the world While a host of topics — from the necessity and the proposed scope of corporate tax reform, to corporate rate reduction and corporate inversions — are of major concern to those engaged in international tax, the overriding issue… – Continue reading
Newly established tax haven beckons foreign investment in Europe (AL)
The announcement of a ground-breaking tax free zone being established by the Albanian government around the port city of Durrës marks an exciting new phase for the country, as it beckons more and more foreign investors to look to its shores. The Albanian Ministry of Economy is set to create… – Continue reading
Global Tax Transparency Goes Live in 2016
Cross border tax fraud and tax evasion by High Net Wealth Individuals (HNWI) are serious problems for many jurisdictions. For many years exchange of information between countries has been solely upon request. In practise this procedure is not efficiently working as it requires foreseeable relevance, thus ‘fishing’ for information is… – Continue reading
For the Record | Saudi Cabinet Session – Mar 16th
SUSRIS serves as your chronicle of developments in the Saudi-US relationship, in the Kingdom and in the region. As part of our service we archive the daily news reviews produced by the Saudi-US Trade Group and selected press clippings and other resources. You can find these archives and more on… – Continue reading
Passports for cash: the countries selling citizenship to tax havens
Citizenship has been turned into a commodity by countries including Cyprus, Grenada, Antigua, Malta and St. Kitts in the Caribbean, which is now the most popular place in the world to buy a passport – for as little as $250,000. The draw? Little or no tax. New citizens of St…. – Continue reading
Albania-Kosovo, an agreement to avoid double taxation
Committee on Legal Affairs, Public Administration and Human Rights adopted today by consensus the draft law “On ratification of the Agreement between the Government of the Republic of Albania and the Government of the Republic of Kosovo for the avoidance of double taxation with respect to taxes on income and… – Continue reading
UAE, Albania sign agreement on avoidance of double taxation
MoUs on joint committee and cooperation in higher education Tirana: UAE Foreign Minister Shaikh Abdullah Bin Zayed Al Nahyan met in Albanian capital Tirana Ditmir Bushati, Albania’s Foreign Minister, and discussed with him avenues of joint cooperation between the two friendly countries. The two ministers signed an agreement on avoidance… – Continue reading
ALBANIA BANS TRANSFER PRICING VOWS TO FIGHT TAX EVASION
Albania Government approved a new law aiming to ban money transfers between related companies in order to collect more corporate profit tax, and to fight tax avoidance from big corporations. The law, designed by International Financial Corporation, was approved by the government this week. Transfer pricing is used by companies… – Continue reading
