On 13 March 2015, Albania ratified the pending income tax treaty with Iceland. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Albanian personal income tax, corporate profits tax, and the tax on small business activities. It covers Icelandic income tax to the state, and income tax to the municipalities. Service PE The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services within a Contracting State through employees or other engaged personnel for a period or periods aggregating more than 6 months in any...