Albania Gazettes Law Enacting Anti-Avoidance Provisions

The Albanian Official Gazette Dec. 21, 2022, published Law No. 83/2022, introducing anti-avoidance provisions. The law includes measures: 1) allowing alternative assessment methods, in calculating taxable income and profit, in cases of tax avoidance or abuse, including disregarding arrangements between taxpayers lacking economic substance and primarily intended for a tax benefit; 2) setting fines for tax audit obstruction at 100,000 Albanian leks (US$923) for entities and self-employed individuals, and 1 million leks (US$9,233) for high asset entities or individuals; 3) establishing penalties for failure to pay corporate or individual income tax installments, meet record keeping requirements, or meet VAT invoice ...