Albania Introducing New Personal Income Tax Table for Employment Income

Albania published Law no. 113/2021 in the in the 17 December 2021 edition of the Official Gazette. The law provides for the introduction of a new personal income tax table for employment income. The new table includes a general exemption from income tax where monthly income does not exceed ALL 40,000. Where monthly income exceeds ALL 40,000, different brackets/rates apply depending on the monthly income amount as follows:

• Monthly income from ALL 40,001 to 50,000:
  • up to ALL 30,000 - 0%
  • ALL 3…