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India Albania Double Taxation Treaty January 2009 The Indian government approved on January 29, 2009 an agreement for double taxation treaty between India and Albania. The agreement will be signed in due course and enter in force after completion of the procedures required by both countries. The agreement aims to stimulate the flow of capital and technology between the two countries and contribute to the tax stability and mutual cooperatin. Source :India Press Information Bureau pib.nic.in. India Tax Rates 2008 February 2008 There are no significant changes in the Indian tax rates in 2008. Personal income tax rates are 10%-30% , before a 10% surcharge and a 3% education tax, CESS. India's corporate tax rate in 2008 is 30% for local companies and 40% for foreign companies, before a 10% surcharge, depending on the income sum and a 3% CESS. The standard VAT rate in 2008 is 12.5%.There are also reduced rates of 4% and 1% .

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