|Albania to Tighten Regulations on Operations with Nonresidents|
Albania introduced amendments to the income tax law in regards of taxation of operations with non-residents.
According to new rules, expenses invoiced by a nonresident for technical, consultancy and management services for which withholding tax is not paid within the fiscal year are nondeductible expenses for corporate income tax purposes.
The opinions expressed do not constitute investment advice and specialist advice should be sought about your specific circumstances.
Published on our website on May 2, 2013