has signed the Convention on Mutual Administrative Assistance in Tax
Matters, a multilateral agreement developed jointly by the Council of
Europe and the OECD. Albania is the 43rd country to sign the
Multilateral Convention since it was updated to meet the international
standard on transparency and exchange of information and opened for
signature to all countries in June 2011.
Tamaki, OECD Deputy Secretary-General, said "Albania’s signing of the
Convention demonstrates Albania’s ongoing and strong commitment to
advancing the international tax agenda. We hope that Albania’s example
will encourage other countries in the region to also join in these
important areas of international cooperation.”
Multilateral Convention is the most comprehensive multilateral
instrument available for international tax co-operation and exchange of
information. It provides governments with a valuable tool in the fight
against offshore tax evasion and ensures compliance with national tax
laws, while respecting the rights of taxpayers. It provides a
multilateral basis for a wide variety of administrative assistance,
including information exchange on request, automatic exchange of
information, simultaneous tax examinations and assistance in the
collection of tax debts.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.
MINIMUM REQUIREMENTS TO REGISTER
The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.