The Albanian parliament approved the Budget and Fiscal package for 2020 on 18 December 2019. Tax-related measures include the following:
- A reduced 5% corporate tax rate is introduced for activities in the automotive industry;
- The loss carry-forward period is extended to five years for companies investing in business projects with a value exceeding ALL 1 billion (the standard loss carry-forward remains three years);
- An increased deduction in introduced for the sponsorship of sports teams in l…