{"id":7803,"date":"2020-02-22T10:43:44","date_gmt":"2020-02-22T09:43:44","guid":{"rendered":"https:\/\/altax.al\/tax-treaty-between-albania-and-saudi-arabia-in-force\/"},"modified":"2021-11-19T16:23:53","modified_gmt":"2021-11-19T15:23:53","slug":"tax-treaty-between-albania-and-saudi-arabia-in-force","status":"publish","type":"post","link":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/","title":{"rendered":"Tax Treaty between Albania and Saudi Arabia in Force"},"content":{"rendered":"<h4 class=\"font-s16 font-style-italic gap-top-m10 gap-bottom-m10 font-w-600\"><strong>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.<\/strong><\/h4>\n<p><!--more--><\/p>\n<div class=\"one-page-news\">\n<p><ins>Taxes Covered<\/ins><\/p>\n<p>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.<\/p>\n<p><ins>Service PE<\/ins><\/p>\n<p>The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services within a Contracting State through employees or other engaged personnel for a period or periods aggregating more than 6 months within any 12-month period.<\/p>\n<p><ins>Withholding Tax Rates<\/ins><\/p>\n<ul>\n<li>Dividends &#8211; 5%<\/li>\n<li>Interest &#8211; 6%<\/li>\n<li>Royalties &#8211; 5% on royalties paid for the use of, or the right to use, industrial, commercial, or scientific equipment; otherwise, 8%<\/li>\n<\/ul>\n<p><ins>Capital Gains<\/ins><\/p>\n<p>The following capital gains derived by a resident of one Contracting State may be taxed by the other State:<\/p>\n<ul>\n<li>Gains from the alienation of immovable property situated in the other State;<\/li>\n<li>Gains from the alienation of movable property forming part of the business property of a permanent establishment in the other State; and<\/li>\n<li>Gains from the alienation of shares that constitute a share in a company resident in the other State.<\/li>\n<\/ul>\n<p>Gains from the alienation of other property by a resident of a Contracting State may only be taxed by that State.<\/p>\n<p><ins>Double Taxation Relief<\/ins><\/p>\n<p>Both countries apply the credit method for the elimination of double taxation.<\/p>\n<p><ins>Non-Discrimination<\/ins><\/p>\n<p>The treaty does not include a non-discrimination article.<\/p>\n<p><ins>Effective Date<\/ins><\/p>\n<p>The treaty applies from 1 January 2020.<\/p>\n<p>The tax treaties in force until now are close to <a href=\"https:\/\/www.tatime.gov.al\/eng\/c\/6\/125\/international-agreements\">42 Agreements<\/a>, which have as reference the OECD tax treaties model.<\/p>\n<\/div>\n<div class=\"news-first-section gap-top-m30\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[10475],"tags":[9489],"class_list":["post-7803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-capital-gains"],"featured_image_src":{"landsacpe":["https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL-1140x445.jpg",1140,445,true],"list":["https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL-463x348.jpg",463,348,true],"medium":["https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL-300x128.jpg",300,128,true],"full":["https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL.jpg",1200,513,false]},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Treaty between Albania and Saudi Arabia in Force - ALTAX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Treaty between Albania and Saudi Arabia in Force - ALTAX\" \/>\n<meta property=\"og:description\" content=\"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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/\" \/>\n<meta property=\"og:site_name\" content=\"ALTAX\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Fiskalisti\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-22T09:43:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-19T15:23:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"513\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ALTax\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ALTax\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/\"},\"author\":{\"name\":\"ALTax\",\"@id\":\"https:\/\/altax.al\/#\/schema\/person\/1d3de87f09d64bc62d8810cf6909936a\"},\"headline\":\"Tax Treaty between Albania and Saudi Arabia in Force\",\"datePublished\":\"2020-02-22T09:43:44+00:00\",\"dateModified\":\"2021-11-19T15:23:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/\"},\"wordCount\":297,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/altax.al\/#organization\"},\"image\":{\"@id\":\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL.jpg\",\"keywords\":[\"capital gains\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/\",\"url\":\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/\",\"name\":\"Tax Treaty between Albania and Saudi Arabia in Force - ALTAX\",\"isPartOf\":{\"@id\":\"https:\/\/altax.al\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL.jpg\",\"datePublished\":\"2020-02-22T09:43:44+00:00\",\"dateModified\":\"2021-11-19T15:23:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#primaryimage\",\"url\":\"https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL.jpg\",\"contentUrl\":\"https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL.jpg\",\"width\":1200,\"height\":513},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/altax.al\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tax Treaty between Albania and Saudi Arabia in Force\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/altax.al\/#website\",\"url\":\"https:\/\/altax.al\/\",\"name\":\"ALTAX\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/altax.al\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/altax.al\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/altax.al\/#organization\",\"name\":\"ALTAX\",\"url\":\"https:\/\/altax.al\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/altax.al\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/altax.al\/wp-content\/uploads\/2021\/11\/LOGO-ALTAX.svg\",\"contentUrl\":\"https:\/\/altax.al\/wp-content\/uploads\/2021\/11\/LOGO-ALTAX.svg\",\"width\":\"1024\",\"height\":\"1024\",\"caption\":\"ALTAX\"},\"image\":{\"@id\":\"https:\/\/altax.al\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Fiskalisti\/\",\"https:\/\/www.instagram.com\/altaxstudio\/\",\"https:\/\/www.linkedin.com\/in\/altax\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/altax.al\/#\/schema\/person\/1d3de87f09d64bc62d8810cf6909936a\",\"name\":\"ALTax\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/altax.al\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7120db1f6e95ed798e760d7a2c8dfa62ae8ae45544693449ddc879a77dd23c47?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7120db1f6e95ed798e760d7a2c8dfa62ae8ae45544693449ddc879a77dd23c47?s=96&d=mm&r=g\",\"caption\":\"ALTax\"},\"sameAs\":[\"https:\/\/www.altax.al\"],\"url\":\"https:\/\/altax.al\/en\/author\/altax\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tax Treaty between Albania and Saudi Arabia in Force - ALTAX","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/","og_locale":"en_US","og_type":"article","og_title":"Tax Treaty between Albania and Saudi Arabia in Force - ALTAX","og_description":"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 [&hellip;]","og_url":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/","og_site_name":"ALTAX","article_publisher":"https:\/\/www.facebook.com\/Fiskalisti\/","article_published_time":"2020-02-22T09:43:44+00:00","article_modified_time":"2021-11-19T15:23:53+00:00","og_image":[{"width":1200,"height":513,"url":"https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL.jpg","type":"image\/jpeg"}],"author":"ALTax","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ALTax","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#article","isPartOf":{"@id":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/"},"author":{"name":"ALTax","@id":"https:\/\/altax.al\/#\/schema\/person\/1d3de87f09d64bc62d8810cf6909936a"},"headline":"Tax Treaty between Albania and Saudi Arabia in Force","datePublished":"2020-02-22T09:43:44+00:00","dateModified":"2021-11-19T15:23:53+00:00","mainEntityOfPage":{"@id":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/"},"wordCount":297,"commentCount":0,"publisher":{"@id":"https:\/\/altax.al\/#organization"},"image":{"@id":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#primaryimage"},"thumbnailUrl":"https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL.jpg","keywords":["capital gains"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/","url":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/","name":"Tax Treaty between Albania and Saudi Arabia in Force - ALTAX","isPartOf":{"@id":"https:\/\/altax.al\/#website"},"primaryImageOfPage":{"@id":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#primaryimage"},"image":{"@id":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#primaryimage"},"thumbnailUrl":"https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL.jpg","datePublished":"2020-02-22T09:43:44+00:00","dateModified":"2021-11-19T15:23:53+00:00","breadcrumb":{"@id":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#primaryimage","url":"https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL.jpg","contentUrl":"https:\/\/altax.al\/wp-content\/uploads\/2020\/02\/FINANCIAL.jpg","width":1200,"height":513},{"@type":"BreadcrumbList","@id":"https:\/\/altax.al\/en\/tax-treaty-between-albania-and-saudi-arabia-in-force\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/altax.al\/en\/"},{"@type":"ListItem","position":2,"name":"Tax Treaty between Albania and Saudi Arabia in Force"}]},{"@type":"WebSite","@id":"https:\/\/altax.al\/#website","url":"https:\/\/altax.al\/","name":"ALTAX","description":"","publisher":{"@id":"https:\/\/altax.al\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/altax.al\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/altax.al\/#organization","name":"ALTAX","url":"https:\/\/altax.al\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/altax.al\/#\/schema\/logo\/image\/","url":"https:\/\/altax.al\/wp-content\/uploads\/2021\/11\/LOGO-ALTAX.svg","contentUrl":"https:\/\/altax.al\/wp-content\/uploads\/2021\/11\/LOGO-ALTAX.svg","width":"1024","height":"1024","caption":"ALTAX"},"image":{"@id":"https:\/\/altax.al\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Fiskalisti\/","https:\/\/www.instagram.com\/altaxstudio\/","https:\/\/www.linkedin.com\/in\/altax\/"]},{"@type":"Person","@id":"https:\/\/altax.al\/#\/schema\/person\/1d3de87f09d64bc62d8810cf6909936a","name":"ALTax","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/altax.al\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7120db1f6e95ed798e760d7a2c8dfa62ae8ae45544693449ddc879a77dd23c47?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7120db1f6e95ed798e760d7a2c8dfa62ae8ae45544693449ddc879a77dd23c47?s=96&d=mm&r=g","caption":"ALTax"},"sameAs":["https:\/\/www.altax.al"],"url":"https:\/\/altax.al\/en\/author\/altax\/"}]}},"_links":{"self":[{"href":"https:\/\/altax.al\/en\/wp-json\/wp\/v2\/posts\/7803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/altax.al\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/altax.al\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/altax.al\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/altax.al\/en\/wp-json\/wp\/v2\/comments?post=7803"}],"version-history":[{"count":0,"href":"https:\/\/altax.al\/en\/wp-json\/wp\/v2\/posts\/7803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/altax.al\/en\/wp-json\/wp\/v2\/media\/7801"}],"wp:attachment":[{"href":"https:\/\/altax.al\/en\/wp-json\/wp\/v2\/media?parent=7803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/altax.al\/en\/wp-json\/wp\/v2\/categories?post=7803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/altax.al\/en\/wp-json\/wp\/v2\/tags?post=7803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}