Protocol to the Tax Treaty between Albania and Switzerland has Entered into Force

On 22 December 2016, the Swiss Federal Council announced the entry into force of the protocol to 1999 income and capital tax treaty with Albania on 1 December 2016. The protocol, signed 9 September 2015, is the first to amend the treaty. The main changes include:

• Amends Article 2 (Taxes Covered) in regard to Albanian taxes;
• Amends the definition of Switzerland and its competent authority in Article 3 (General Definitions) and the definition of resident in Article 4 (Resident);
• Adds a withhol…