Albania Tax Changes for 2021

Albania has introduced several tax changes for 2021, including changes to support smaller businesses. Changes include:

• The general definition of taxable persons for profit tax purposes is amended to include any legal entity or partnership realizing annual income above ALL 8 million (reference to VAT registration removed);
• Small businesses with annual turnover of up to 8 ALL million are subject to simplified tax on small businesses, with the rate set at 0% instead of 0% for turnover up to ALL…