Albania V.A.T. 2018February 2018
Starting January 1, 2018 the V,A.T. threshold turnover for non agricultural products is reduced from ALL 5 million to ALL 2 million.
The threshold for agricultural products remains at ALL 5 million.
The ALL, Albanian Lek exchange rate is around 1 USD equals 107 ALL.
Albania New Tax Withholding RatesDecember 2014
Starting January 1, 2015 the new tax withholding rates for payments of dividends, interest and royalties will rise from the current 10% rate to 15%.
Albania U.K. Tax TreatyFebruary 2014
The double tax treaty, DTA, which was signed by the two countries in 2013 entered into force on December 30, 2013.
The tax withholding rates according to the tax treaty are 5%/10%/15% for payment of dividends, 6% for interest and exemption for royalties.
The tax treaty applies in Albania starting January 1, 2014 and will apply in the U.K. starting April 1, 2014.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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