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| alBANia tax rateS |
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Albania | 10% | ||||||||||||||||||||||||||||||
Albania personal income tax rate for 2009 is a flat 10%. Albania Tax YearAlbania Tax year is the calendar year. Wealth Tax in AlbaniaAlbanian taxpayers are not subject to a wealth tax. Albania Capital Gains TaxCapital gains in Albania are taxed at the standard tax rates of 10%. Albania Inheritance TaxGifts and inheritance are subject to the same 10% flat tax rate in Albania. Real Property Tax in AlbaniaTax on real estate in Albania differs from city to city. New construction projects, real estate, also land used for agricultural activities are subject to real property tax in Albania. New construction jobs are taxed between 1% - 4%, the rate is relatively high in capital Tirana (between 2-4%), and it's 1-3% in other cities. Depending their form of use, land used for agricultural activities are taxed per hectare, the tax varies according the usage type of the land. Certain projects are exempt from tax. Net Worth TaxThere is no net worth tax in Albania. Albania Corporate Tax RateAlbania corporate tax rate for 2009 is a flat 10%. Albania Tax on Capital GainsCapital gains in Albania are seen as income which is taxable and are taxed with other regular income. The tax rate is the same, 10%. Tax CreditsA tax relief may be allowed under an applicable tax treaty. Withholding Tax on DividendsIf there is no tax treaty which can reduce the rate, dividends which are paid to nonresidents are subject to a 10% dividend withholding tax. Withholding Tax on Interest PaymentsIf made to a nonresident, an interest payment is taxable in Albania, and is taxed at 10% unless the tax rate is reduced under a tax treaty. Withholding Tax on Royalty PaymentsIf made to nonresidents, royalty payments are also subject to the same 10% tax rate, if there is no applicable tax treaty between the two countries. Certain payments and fees are subject to withholding tax, including rental payments, certain service fees and fees paid for management. Dividend TaxTaxation of dividends in Albania is the same as other taxable income at the standard 10% tax rate, unless there is a tax treaty. Some exemptions exist on the payment of dividend tax: Albania VAT (Value Added Tax) RateAlbania VAT rate is 20%. Exports are zero rated. | |||||||||||||||||||||||||||||||
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