Govt Declares 91 billion in Tax Amnesty

IIA 23 February 2017, 11:42 am

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

IIA 7 November 2016, 9:49 am

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

IIA 2 November 2016, 5:08 pm

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…

Online Shopping Tax Threshold to Become EUR 45

IIA 20 July 2016, 10:40 am

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…

Taxation scheme

IIA 1 June 2014, 4:00 pm

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…

Labor legislation

IIA 1 June 2014, 3:00 pm

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…