On 18 September 2018, Albania published Law No. 39/2018 in the Official Gazette, which amends capital gains tax and corporate income tax for smaller businesses and introduces certain incentives for agritourism businesses. Changes include:
- A 15% tax rate is set 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 conside…