Category: Albania

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...