Corporate Profits Tax (Tatimi mbi Fitimin) in Albania
Corporate taxation in the Republic of Albania is regulated under the modernized Law No. 29/2023 on Income Tax:
- Standard Corporate Tax Rate: Flat 15.0% on net taxable business profits (Gross Revenue minus allowable documented deductible expenses).
- Small Business Status Nuance: Entities with annual turnover up to 14,000,000 ALL that are not registered for professional liberal professions enjoy special simplified/zero rates until statutory reform transitions.
- Dividend Withholding Tax (WHT): Flat 8.0% withholding tax on dividends distributed to individual resident and non-resident shareholders (Article 43).
- Advance Monthly Payments: Corporate taxpayers pay monthly or quarterly advance CIT instalments based on prior year declared profits.
Statutory Regulatory Framework: Compliant with Law No. 29/2023 on Income Tax, Labor Code of the Republic of Albania, Law No. 7703 on Social Insurance (ISSH), and regulatory instructions issued by the General Directorate of Taxes (DPT) and Energy Regulatory Authority (ERE).