At the start of this year Albania followed a number of its post communist Eastern European neighbours and adopted a flat tax rate of 10%.
In a nutshell this basically means that companies and individuals will pay a flat 10% of their earnings to the tax authorities irrespective of how much they actually earn. Compare this to the vast majority of other countries in the world who have ‘Progressive tax’ regimes whereby the burden of tax increases as earnings increase. Continue reading →
