income tax

How do labor and capital taxation change in 2023–2024?

🔹 Labor TaxationLabor taxation is one of the most significant sources of revenue for the state budget and has a direct impact on individuals contributing through their work. In 2023 and 2024, this type of taxation experienced a notable increase,...

Key changes to the personal income tax declaration (DIVA) process for tax year 2024 and beyond

The changes to the 2024 income tax declaration process have a clear approach towards broadening the tax base and improving information collection. However, individuals and the tax administration must address the practical challenges associated with implementing and supporting the new...

Digital Nomads and Tax Exemptions

More countries are creating opportunities for digital nomads to work without being required to pay taxes in the country where they are registered. These opportunities are common in countries with flexible and foreigner-friendly policies, offering tax exemptions for a specific...

What is included/allowed in personal income and expenses for tax purposes?

In Albania, personal income is taxed on all income earned inside and outside the country by a resident individual and inside the country by a non-resident individual, except for the exceptions for each source of income. All the elements that...

Consultation session with interest groups for the improvement of the draft income tax law

The Parliamentary Committee for Economy and Finance held a hearing today with Interest Groups regarding the identified need to further improve the draft law "On Income Tax" and its prospects.Representatives from the Albanian Association of Banks,

Financial effects from the approval of the 2023 fiscal package for individuals, businesses, and the State Budget

From the calculation summarized according to the table, for the four tax laws that also have direct budgetary and financial effects for individuals and businesses beginning from fiscal year 2023, according to the results that coincide in the main parts...

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