The Albanian parliament has announced the approval on 9 July 2018 of amendments to the Income Tax Act and the VAT Act, which include: Setting a 15% tax rate on capital gains realized on the transfer of immovable property, including buildings, land, and agricultural land, with a provision that the transfer of land with a construction site on the basis of an exchange contract is not considered a taxable event; Increasing the turnover threshold for the small business tax rate (5%) from ALL 8 million to ALL 14 million (standard 15% rate applies if turnover above the threshold); Introducing a...