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Albania Brings Forward the Effective Date of New Personal Income Tax Table for Employment Income and Increases Minimum Wage

|Approved Changes|Albania
Albania

Albania has published Law no. 4 of 12 March 2022, which amends the effective date of Law no. 113/2021. Law no. 113/2021 provided for the introduction of a new personal income tax table for employment income. The new table includes a general exemption from income tax where monthly income does not exceed ALL 40,000. Where monthly income exceeds ALL 40,000, different brackets/rates apply dependin…

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