www.Aaptaxlaw.com
   
 
 

 

Albania Income Tax Rate for 2017, 2016, 2015, 2014, 2013

Albania Personal Income Tax Rate 2015

Residents are subject to tax on their worldwide income. Non-residents are taxed on their Albanian-source income only. Income tax is assessed in the tax year on a current year basis.

Income from salaries and other compensations deriving from labour agreements

Taxable Income (ALL)

Tax Rate

 

0 to 30,000

 

0%

 

30,001 to 130,000

 

13% of the amount exceeding ALL 30,000

 

Over 130,000

 

13,000 ALL +23% of the amount exceeding ALL 130,000

 

Other Kinds of Income

 

15%

 

 

 

Albania Taxable Incomes

 

Type of Income

 

Taxable Amount

 

Income from salaries and other compensations deriving from labour agreements

 

100%

 

Income from rental or other profits arising from real property

 

100%

 

Income derived from transfers of ownership rights over immovable property

 

100%

 

Income derived from transfers of quotas and shares

 

100%

 

Interest income derived from bank deposits and securities

 

100%

 

Income from dividends or other type of profit distribution

 

100%

 

Income from Copyrights or Royalties

 

100%

 

Capital gains

 

100%

 

Income derived from gambling and other games of chance

 

100%

 

Other income not identified in any of the above forms

 

100%

 

Albania Exempt Income

Type of Income

Exempt %

 

Incomes received as a result of being insured in the social and health insurance schemes

 

100%

 

Student scholarships

 

100%

 

Incomes from expropriations

 

100%

 

Incomes which are exempted according to international treaties ratified from the Parliament of Albania

 

100%

 

Financial compensations to former political prisoners and former proprietors

 

100%

 

Life and health contributions paid by the employers

 

100%

 

Judicial compensations

 

100%

 

Prizes received from the government for achievement in science, sport or culture.

 

100%

 

Albania Deductible Expenses

 

Expenses Type

 

Exempt %

 

Interests on loans taken for the education of dependent family members;

 

100%

 

Health care expenses for medical treatment that are not covered by the health insurance

 

100%

 

The total of deductible expenses cannot exceed the amount of total taxable incomes.

Social Security and Health Insurance Contributions

Mandatory social security and health insurance contributions are due on employment, civil and management income. The Social Security Contribution is calculated on a monthly gross salary, from a minimum amount of ALL 22,000 to a maximum amount of ALL 97,030 (approximately EUR693). The Health Insurance Contribution is calculated on a monthly gross salary.

Self-employed must pay social security contribution calculated on the minimum salary of ALL 22,000 and health insurance contribution on the minimum salary of ALL 44,000. Contribution rates are as follows:

 

Contribution Type

 

Employees

 

Self Employed

   

Employer

 

Employees

 

Social Security Contribution

 

15%

 

9.5%

 

23%

 

Family Health Contribution

 

1.7%

 

1.7%

 

3.4%

 

Albania Simplified Profit Tax on Small Business

Resident companies or sole traders that have an annual turnover which does not exceed the amount of ALL 8,000,000 (approximately EUR 57,000) are subject to simplified profit tax on small business.

Albania Small Business Tax Rates 2015

 

Annual Turnover (ALL)

 

Tax Rate

 

0 to 2,000,000

 

All 25000

 

2,000,001 to 8,000,000

 

7.5% (But not less than ALL 25,000)

 

 

Albania Corporate Income Tax Rate 2015

Resident companies are subject to corporate income tax on their worldwide income, while non-resident companies are taxed only on their income derived from sources in Albania. Resident companies or sole traders that have an annual turnover higher than ALL 8,000,000 (EUR 57,000) are subject to corporate income tax. Capital gains, dividends, interests, royalties are included in the income of companies and are taxed as part of corporate income tax. Income tax is assessed on a current year basis.

Residency

Tax residency is established when a company has been incorporated in Albania or has a permanent establishment or the management and control is exercised in Albania.

Tax Rates

Since January 1 2008, Albania applies a flat tax system.

The standard rate is 15%.

Taxable Income

Under Albanian law, the tax is imposed over the annual net profit, which is determined based on the Financial Statements prepared according to the requirements of the Law ?On Accounting and Financial Statements?.

Albania Income Tax Rates 2014 and Deductions

Albania Income Tax Rate for Individual Tax Payers

Lowest Individual Tax Rate is 13% and Highest Rate is 23%

 

Taxable Income (ALL)

 

Tax Rate

 

0 to 30,000

 

0%

 

30,001 to 130,000

 

13% of the amount exceeding ALL 30,000

 

Over 130,000

 

13,000 ALL +23% of the amount exceeding ALL 130,000

 

Other Kinds of Income

 

15%

 

The following individuals are considered resident for tax purposes in Albania:

Individuals who have a permanent residence, family or vital interests in Albania.

Albanian citizens serving in a consular, diplomatic or similar position outside Albania.

Individuals who reside in Albania consecutively or non consecutively for at least 183 days during a tax year, regardless of their nationality or country of vital interests. The calculation of the residence period in Albania includes all of the days of physical presence, including holidays.

Corporate Tax Rates in Albania

Corporate Tax Rate in Albania is flat Rate of 10%

Capital Gains Tax in Albania

All earned income in Albania from capital gains in business is taxed the same as regular income and charge a flat tax rate of 10%.

Albania Dates of filing Tax Returns / Reporting and Payment

The tax year in Albania is the calendar year.

Employers must withhold personal income tax from wages and compensation paid, and they must pay the withholding tax to the tax administration by the 20th day of the following month. Employers must maintain records of payments in accordance with instructions issued by the Ministry of Finance.

Individuals earning income of ALL 2 million or more must file a personal income tax return for the preceding year by 30 April. Income taxed at source must also be declared, but no personal income tax is calculated on such income.

 

Tax Rates in the World

Afghanistan Tax Rates

Albania Tax Rates

Algeria Tax Rates

Angola Tax Rates

Argentina Tax Rates

Australia Tax Rates

Austria Tax Rates

 

 

Bangladesh Tax Rates

Brazil Tax Rates

Canada Income tax Rate

Canada Personal Tax

China Tax Rates

Colombia Tax Rates

Congo Tax Rates

Cyprus Tax Rates

Czech Republic Tax Rates

Ethiopia Tax Rates

Egypt Tax Rates

France Tax Rates

Finland Tax Rates

Germany Tax Rates

Ghana Tax Rates

Hong Kong Tax Rates

Hungary Tax Rates

India Income tax Rate

India TDS Rate

Ireland Tax Rates

Israel Tax Rates

Italy Tax Rates

Japan Tax Rates

Jamaica Tax Rates

Jersey Tax Rates

Jordan Tax Rates

Kazakhstan Tax Rates

Kenya Tax Rates

 

 

Korea Tax Rates

Lithuania Tax Rates

Malaysia Tax Rates

Malta Tax Rates

Mauritius Tax Rates

Mexico Tax Rates

Morocco Tax Rates

Myanmar (Burma) Taxes

Nepal Tax Rates

New Zealand Tax Rates

Netherlands Tax Rates

Nigeria Tax Rates

Pakistan Tax Rates

Panama Tax Rates

Philippines Tax Rates

Poland Tax Rates

Portugal Tax Rates

Romania Tax Rates

Income Tax Rate

Singapore Personal Tax

Serbia Tax Rates

Slovakia Tax Rates

Slovenia Tax Rates

South Africa Tax Rates

Spain Tax Rates

Sri Lanka Tax Rates

Sweden Tax Rates

Switzerland Tax Rates

Tanzania Tax Rates

 

 

Thailand Tax Rates

Turkey Tax Rates

Uganda Tax Rates

Ukraine Tax Rates

UK Tax Rates

UK Corporate Tax Rates

Tax Allowances in UK

USA Income Tax Rate

USA Standard Deduction

Vietnam Tax Rates

Zimbabwe Tax Rates

Home     About Us     Privacy Policy     Disclaimer    Contact Us  Sitemap