Albania's parliament has passed new transfer pricing rules that apply from 4 June 2014. In general, Albania requires that transactions between related parties be conducted in accordance with the arm's length principle. The rules define related parties and controlled transactions, and provide transfer pricing methods and documentation requirements. Definition of Related Parties Related parties are defined as when one party directly or indirectly participates in the management, control or capital of the other, or when a third party directly or indirectly participates in the management, control or capital of both parties. The participation threshold is generally 50%, or when it...