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

30 March 2022

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Approved Changes

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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 depending on the monthly income amount as follows: Monthly income from ALL 40,001 to 50,000: up to ALL 30,000 - 0% ALL 30,001 to 50,000 - 6.5% (50% x 13%) Monthly income of ALL 50,001 or more:...