Category: Taxes and labor laws

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How is Tax Calculated for Gold’s Traders and Importers?
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How is Tax Calculated for Gold’s Traders and Importers?

TIRANA, 18 September Through a new guideline made public by the General Directorate of Taxation, has notified all the businesses of gold processing and trade, its value-added tax.  Supply of processed gold Referred to the Law nr. 92/2014, dated 24.07.14 ‘For the value-added tax in the Republic of Albania’, changed, on the taxable value of...

How Much is Capital Gains Tax in Albania?
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How Much is Capital Gains Tax in Albania?

TIRANA, 11 September In Albania, the tax for selling a property, whatever it may be, is in the norm of 15%. Known as the capital gains tax is called so because it is applied over profit, thus the difference between the price of purchase and the sale price. But in other countries of the Balkan...

Which City Ranks First for not Paying Social Security?
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Which City Ranks First for not Paying Social Security?

TIRANA, September 4 The State Labor Inspectorate and Social Affairs have conducted a control all over the country, in the framework of the anti-informality campaign, and it results that 30% of employees do not receive social security. But which are the most problematic cities where the employers do not declare their employees, thus avoiding to...

Central Albania Holds Record for Informal Workers
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Central Albania Holds Record for Informal Workers

TIRANA, August 21 Albanian employers continue massively to exploit their employees, without fulfilling their legal obligations first. Jobs that fall in the category of ‘black area’, where the employers don’t declare at the tax authorities the number of their employees, thus avoiding the obligations for paying their employees’ social or health insurances, or taxes for...

Govt Declares 91 billion in Tax Amnesty
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Govt Declares 91 billion in Tax Amnesty

TIRANA, February 23 The Albanian government adopted the decision that grants a tax amnesty for tax, fines, penalties and interest for tax periods prior to 2010. Previously, Minister of Economy Arben Ahmetaj announced the amnesty on an estimated 90 billion on tax obligations. Even though the business sector is the main beneficiary from this amnesty,...

Lower Tax Rates on Processing Industry Coming in 2017
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Lower Tax Rates on Processing Industry Coming in 2017

TIRANA, November 7 The tax rate for the domestic processing industry in Albania will be reduced in 2017. According to the government, this will help the sector to expand as well as the benefits that it provides for the economy and employment. Thus the tax on metallic minerals that are processed in Albania will be...

Albania Needs a Competitive Tax Package, Crawford Says
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Albania Needs a Competitive Tax Package, Crawford Says

TIRANA, November 2 President of the American Chamber of Commerce in Albania (AmCham) Mark Crawford called on the government to take two steps that would improve the business climate. They consist on a tax package competitive for the region and a solution to the property issue. Crawford said in an interview for the Albania Telegraphic...