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Ruling Socialists offer tax incentives ahead of upcoming 2019 local elections

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6 mins read
8 years ago
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TIRANA, May 16 – The Albanian government has unveiled a package of tax incentives for 2019 when Albania will be holding its upcoming local elections and the ruling Socialists eye to preserve the ruling of the country’s big local government units. Finance Minister Arben Ahmetaj says Albanian businesses will benefit lower corporate income tax as well lower value added tax rates on agritourism and exemptions from 20 percent VAT on imports of equipment to build solar power plants. The legal changes are expected to be approved next June but enter into force before next January, six months ahead of Albania’s…

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Story Highlights

  • Finance Minister Arben Ahmetaj says Albanian businesses will benefit lower corporate income tax as well lower value added tax rates on agritourism and exemptions from 20 percent VAT on imports of equipment to build solar power plants starting next January ahead of the mid-2019 upcoming local elections

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