On 4 November 2021, the Albanian parliament approved the draft law for the ratification of the pending income tax treaty with Israel. The treaty, signed 3 May 2021, is the first of its kind between the two countries and provides for the following withholding tax rates:
- Dividends - 5% if the beneficial owner is a company that has directly held at least 25% of the paying company's capital throughout a 365-day period that includes the day of payment; otherwise, 15%
- Interest - 10%, with an exemp…