The Double Tax Treaty between the Slovak Republic and Albania shall enter into force on 1 April 2024

The double taxation treaty (DTT) between the Slovak Republic and Albania will enter into force on 1 April 2024. The DTT will be effective for taxes withheld at source on income paid on or after 1 January 2025. The DTT includes provisions for the exchange of information in accordance with international standards.

Treaty Dividends withholding tax rates:

• 8%,
• 5%, if the beneficial owner is a company (other than a partnership) that directly holds at least 10% of the capital of the company that pays the dividends during a period of 365 days, including the day of the dividend payment.

Treaty Interest Income withholding tax rates:  

• 10%,
• 0%, if the beneficial owner is one of the following entities:
• In the case of Albania: Government of Albania, Local authorities, National Bank of Albania.
• In the case of the Slovak Republic: Government of the Slovak Republic, Local authorities, National Bank of Slovakia, Export-import bank of the Slovak Republic, Slovak Guarantee and Development Bank, Slovak Debt and Liquidity Management Agency.

Source: ZZ_2024_17_20240220.pdf (slov-lex.sk)

Impact on investors: For information purposes.