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ARTICLE · 20 FEBRUARY 2024

Albanian Tax Authorities Advocate For Code Updates And Compliance

The Albanian Tax Authorities have issued a critical call to taxpayers with turnovers up to 14 million ALL, urging them to update their economic codes of activity to ensure fair taxation.

AlbaniaTax

The Albanian Tax Authorities have issued a critical call to taxpayers with turnovers up to 14 million ALL, urging them to update their economic codes of activity to ensure fair taxation. This move aligns with the introduction of progressive taxation, effective as of January 1st, with tax rates of 15% and 23% for self-employed individuals, private individuals, and traders in service professions.

Awareness and Compliance Measures

To enhance awareness and facilitate compliance, the Tax Administration has taken proactive steps.

Personalized letters have been sent to each taxpayer, providing a comprehensive list of approved professional services based on government decisions. This effort aims to inform and guide taxpayers through the updated tax framework and ensure accurate alignment with their economic activities.

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