The income and capital tax treaty between Albania and Saudi Arabia entered into force on 1 December 2019. The treaty, signed 6 February 2019, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Albanian corporate profits tax, personal income tax, capital gains tax on the alienation of immovable property, the tax on small business activities, and property tax. It covers Saudi Zakat and income tax, including the natural gas investment tax.
Service PE
The tr…