Dears / Members of the Chambers
Asharqia Chamber presents you with its best regards, and informs you that it has received the letter of the Council of Saudi Chambers No. (PS / 909) and the date (4/21/1441 AH), and referred to in the letter of the General Authority of Zakat and Income No. (9914/1/1441) and the date (14/14) / 1441 AH), and it is condoned by Cabinet Resolution No. (43) and the date (1/18/1441 AH), approving an agreement between the Kingdom of Saudi Arabia and the Republic of Albania to avoid double taxation and prevent tax evasion in the matter of income and capital taxes on the accompanying protocol, Signed by them in the city of Riyadh on (1/6/1440 AH) corresponding to (6/2/2019 AH), and approved by the Royal Decree No. (M / 14) and date (19/1/1441 AH).
Note that this agreement is considered effective from 4/4/1441 AH corresponding to 1 December 2019 AD, therefore, according to the second paragraph of Article 29 of the agreement, its provisions will become effective as follows:
A- With regard to taxes withheld at source, on amounts paid on or after the first day of January 2020.
B- With regard to other taxes on tax years that start on - or after - the first day of January 2020.
To view a copy of the agreement, you can visit the General Authority of Zakat and Income Authority.