Singapore-Albania Avoidance of Double Taxation Agreement comes into force

19 July 2011

Singapore’s agreement with Albania for the Avoidance of Double Taxation (DTA) came into force on 19 July 2011.

The move will encourage and facilitate cross-border trade and investment between Singapore and Albania, by providing greater clarity on taxing rights and minimising the scope of double taxation between the two nations. The agreement is Singapore’s 67th DTA.

The withholding tax rates under the new treaty will be as follows:

  • Dividends — 5%. Exempted from tax if dividend is paid to the relevant government authorities of the contracting states. (Note: dividends are not subjected to withholding tax under the domestic law of Singapore)
  • Interest — 5%. Exempted from tax if paid between the relevant government authorities of the contracting states.
  • Royalties — 5%.

Please click here for the full text.

Source:  Inland Revenue Authority of Singapore (IRAS) website. Visit for more information.