Taxes

Proposal to reduce tax on home sales from 15 to 3%

The Albanian government has presented a proposal to Parliament to restart the property revaluation process, align housing prices with current market values and reduce tax on home sales from the current 15% to 3%. The proposal includes apartments, commercial units and land owned by both private citizens and businesses. If the bill is approved, the

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The Albanian tax system: zero tax for small businesses

In 2021, the new law relating to the tax on the operating profit of legal entities entered into force in Albania. It provides tax exemption for all subjects with an annual turnover of up to 14 million lek (approximately 120,000 Euros) and the rate of 15% for subjects with higher turnover. The legislation provides the

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