Tax treaty between Albania, Saudi Arabia enters into force

A new tax treaty between Albania and Saudi Arabia entered into force on December 1, 2019.

The tax treaty provides for a withholding tax rate of five percent for dividend payments.

The withholding tax rate is six percent for interest payments.

Royalty payments for the use of, or the right to use industrial, commercial or scientific equipment are subject to a withholding tax rate of five percent. The rate is eight percent in case of other kinds of royalty payments.

The tax treaty applies from January 1, 2020.

See Tax Treaty between Albania and Saudi Arabia (in Arabic)