Albania Budget Law Published Including Tax Reform Measures for 2019

Albania's Budget Law for 2019 was published in the Official Gazette on 21 December 2018. Important tax reform measures included in the law are as follows:

• Source of income rules are amended:
  • To extend the provisions regarding income from immovable property in Albania and gains from the alienation of such immovable property to also include mineral, hydrocarbon, and other natural resource rights; and
  • To provide that gains from the alienation of shares or similar rights deriving more than 50% …