Taxation in Albania

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The main private television stations in Albania proposed a law that would see them sharing in several million euros of television-set taxes which currently go to the public broadcaster.

The Ministry of Finance shelved a draft law that was to introduce taxes on low wage-earners after strong criticism from the media and from some of the ruling coalition’s MPs.

Tens of thousands of Albanians protested on Saturday against tax hikes in next year’s budget, accusing the Socialist-led government of impoverishing Albanians and falling short on its promises.

Albania announced on Monday that it would raise taxes from January, scrapping a flat 10 percent corporate and income tax rate, and plans to end tax exemptions for foreign oil workers, as its new government wrestles rising debt.

Albania’s Ministry of Foreign Affairs signed the “Protocol of Exchange of Instruments of Ratification of the Agreement between the Republic of Albania and the Federal Republic of Germany for the Avoidance of Double Taxation and Fiscal Evasion related to Taxes on Income and Capital.

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