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This article discusses the tax system in Albania in 2011. It highlights the effort of the government to create a tax-friendly environment for foreign investors. It cites tax incentives being offered to investors seeking to do business in the country. In addition, the article provides an overview of the implementation of a range of business taxes, including corporate income, withholding and value-added taxes. The enforcement of capital gains, transfer and property taxes on businesses is also discussed.

This article provides a taxation guide to the leading tax firms and tax advisers in Albania in 2010. It outlines some investment reforms and tax incentives introduced in the country, including a reduction in corporate income taxes. It also indicates the possibility to grant corporate income tax relief to certain public projects. The application of taxes on buildings and agricultural land in the country is noted. In addition, the article presents a directory of tax firms and advisers operating in Albania.

The article discusses the changes that were made to the income tax law in Albania in the last three months of 2010, most of which became effective at the start of 2011. It says that resident taxpayers must submit an individual annual return by April 30 of the succeeding year, which will be implemented from 2012 beginning with income posted in 2011. According to the author, all income from lotteries and gambling is taxed with a 10 percent tax on the net income from January 1, 2011. The other amendments to the income tax law are also discussed.

The article reports on the double tax treaty signed by Albania and Singapore on November 23, 2010. Under the treaty, a building site, construction project or supervising of such projects for more than 12 months is considered a permanent establishment (PE) in Albania and Singapore. The treaty also includes the provision of service for an aggregate period of more than 183 days in any 12 month period corresponding to the fiscal year concerned. A withholding tax rate not exceeding five percent is imposed on dividends paid from one country to a beneficial owner who is a resident of the second country, while tax exemptions are granted for dividends paid by a company to the government in Singapore or the Council of Ministers in Albania.

This article reports on the signing of a double tax treaty by Albania and Spain in July 2010. The treaty intends to avoid double taxation and prevent fiscal evasion between the two countries. It aims to improve economic relations between the countries. Under the treaty, a maximum withholding tax rate of 10 percent will be applied. The countries claim that the treaty follows the Organisation for Economic Co-operation & Development (OECD) Model Convention.

The article reports on the income and capital tax treaty signed on April 6, 2010 by the governments of Albania and Germany. The treaty is in line with the Organization for Economic Co-operation and Development (OECD) model convention and shall be effective as of January 1 of the calendar year following the year of entry into force of the agreement. It explains that the withholding tax provisions with respect to dividends, interest and royalties are included in the treaty. The treaty's treatment of capital gains is also discussed.

The article discusses the income and capital tax treaty that was signed by Albania and Kuwait on April 4, 2010 that would be effective for at least five years if ratified. The double tax treaty aims to regulate the avoidance of double taxation for bilateral deals done between the two countries. The treaty resolves issues concerning dividends, interest, royalties and capital gains, among others. The treaty intends to attract additional investments and businesses between the two countries through the inclusion of positive provisions.

The article looks at the attractiveness of Albania as one of the countries that offer best investment opportunities in real estate. The country offers low prices, relatively simple purchasing process and the geographical position of the country. There also has been a rapid growth of Albanian tourism, which is leading to an increasing demand for holiday accommodation. The Albanian government does not allow foreign investors to directly own Albanian land, but they can establish a company which is allowed to own Albanian property.

The article offers information on the investment environment in Albania. It states that the country is rich in natural resources such as chromium natural gas, platinum, and copper, which can enhance its growth and development with the income from these assets. It mentions that the country's economic system has undergone reforms which are designed to promote investments at all levels. It notes that the continuous development of the country's tax regime resulted to a competitive tax and legal system and gave more incentives for investors who want to do business in Albania.