2019 fiscal package: Albania to apply lower dividend, personal income taxation

TIRANA, Oct. 8 – A cut in the dividend tax, a slight reduction in the tax burden for high income earners and an increase in the mining royalty on chromium exports are the main changes the government is planning for its 2019 fiscal package following some mid-year incentives that are also expected to come into force next January ahead of the expected mid-2019 local elections. The major change in the upcoming fiscal package includes a reduction in the dividend tax to 8 percent, down from a current 15 percent in a measure that foreign business associations say is expected to…