Automotive Sector, Only 5% Tax (IRES) on Corporate Income from January 2020

In the last two years, several very important foreign groups in the Automotive sector have established part of their production in Albanian territory. Based on this interest, the Albanian government has proposed, with the 2020 tax package that will be the subject of parliamentary debate in December 2019, to reduce the income tax of Automotive sector companies that produce in Albania from 15% to 5%.

With this measure, a strong signal is given to the interest in the development of this sector in Albania and, at the same time, it competes with neighboring countries (Serbia and North Macedonia) that have a longer tradition in the Automotive sector.