Category: Taxes and labor laws

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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,...

Online Shopping Tax Threshold to Become EUR 45
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Online Shopping Tax Threshold to Become EUR 45

TIRANA, July 20 Albania based online shoppers are expected to have a new relevant limit of 45 Euro for the products that they purchase or bring in the country. A confidential source from the Ministry of Finance said for the Albanian Telegraphic Agency (ATA) that a new initiative, which foresees custom duty for all the...

Albanian government exempts from taxes for 15 years Statkraft Norwegian company
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Albanian government exempts from taxes for 15 years Statkraft Norwegian company

Statkraft Norwegian Company which won the concession tender for the construction of Devolli Hydropower plant will not pay concession fee taxes for the upcoming 15 years, says Ministry of Economic Development. This decision was made after the approval of Statkraft’s proposal in constructing the substitutive road infrastructure in the area during the implementation of the...

Labor legislation
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Labor legislation

Albania was a member state of the International Labor Organisation (ILO) from 1920 to 1967 and is again member since 1991. The country has ratified 44 ILO International Labour Standards (Conventions), including the eight fundamental Conventions. According to its Constitution, the ILO maintains relations with governments, employers’ and workers’ organizations. Employment contracts As defined in the Labor...

Taxation scheme
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Taxation scheme

Individual taxes Personal Income Tax – 15%    Applies to all types of incomes, excluding the Personal Income Tax on Employment Income. Non taxable incomes (for purposes of Personal Income Tax): Voluntary contributions to a pension fund Returns from investment on a pension fund’s assets Real Estate tax Voluntary health and life insurance expenses Corporate...

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Labor legislation

Labor protection Albanian legislation requires employers to meet a variety of social rules contributing to protection of employees at work. The Labor Code sets out employees’ rights in relation to non-discrimination (on the grounds of race, color, gender, age, religion or belief, political convictions, national or social origin, family connections, physical or mental disability, which...