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ARTICLE · 13 JANUARY 2019

Tax Alert - 04 / 18

Upon decision dated 26 December 2018, the Council of Ministers decided to increase the minimum national wage to Leke 26,000 ...

AlbaniaTax

NEW MINIMUM NATIONAL WAGE

Upon decision dated 26 December 2018, the Council of Ministers decided to increase the minimum national wage to Leke 26,000 (from Leke 24,000), effective as of 1 January 2019.

As a result of this decision, the amount of social contributions payable by both employee and employer will be increased. According to the current rules, the minimum amount taken into consideration for calculation of social contributions is equal to the minimum wage, while the maximum amount shall be increased in proportion with the increase of the minimum amount.

2019 FISCAL PACKAGE

On the 3 rd of December 2018, the Parliament passed the so-called "2019 Fiscal Package".

Below you will find a summary of the most important amendments introduced by the Fiscal Package to several tax laws.

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