For a more positive performance of the tourist season, the General Directorate of Taxation, within the framework of the measures it is implementing, wants to let you know all those individuals who own such assets as houses or apartments and rent out, take advantage of the right to benefit from a legitimate income.
The General Directorate of Taxation reminds you that, pursuant to Law No. 8438, dated 28.12.1998 “On Income Taxes”, Articles 8 and 9, these income are taxable at 15% tax rate.
Also, based on point 2.6.4 of the Instruction of the Minister of Finance, on income paid by persons who can not maintain the tax on the account of the Albanian tax authorities, the income recipient is obliged to declare and pay 15% of the tax on income realized no later than the 20th day of the month following the time the payment was made. Persons must be present at the relevant regional tax offices to register for this tax liability.
The Tax Administration encourages the voluntary and correct fulfillment of tax obligations for both taxpayers and individuals. It assures you that it will take all measures, not just for revenue collection, but also to facilitate the fulfillment of legal obligations.