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of <h1>India and Albania Sign Agreement to Prevent Double Taxation and Fiscal Evasion, Effective December 4, 2013.</h1> An agreement between the governments of India and Albania was signed on July 8, 2013, to prevent double taxation and fiscal evasion concerning income and capital taxes. It came into effect on December 4, 2013, following the completion of necessary procedures by both countries. The agreement covers various aspects of taxation, including the definition of residents, permanent establishments, and the taxation of different income types such as dividends, interest, royalties, and capital gains. It also includes provisions for the exchange of information, assistance in tax collection, and the elimination of double taxation. The agreement aims to foster economic cooperation between the two nations.
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