AmCham: High tax burden remains top concern as business climate recovers to 5-year high

Story Highlights

• Some of the country's biggest local and foreign companies represented by the American Chamber of Commerce in Albania perceive the business climate to have considerably improved in 2016 but high taxes, unfair competition and government bureaucracy remained the top three concerns for the second year in a row. Once again the high level of taxes tops the list of concerns as Albania’s tax burden has climbed to one of the region’s highest in the past few years, with the economy losing its competitiveness to neighbouring countries applying flat tax regimes of about 10 percent.