WB6 IIP
Western Balkans Six
Investment Incentives Platform
The Western Balkans Six Investment Incentive Platform is the first of its kind in the region, providing detailed information on available incentives in each of the WB6. It is one of the key measures under the Regional Investment Area, which is part of the Common Regional Market Action Plan 2021-2024.
Developed with input from Investment Promotion Agencies (IPAs) across the region, the platform includes both financial and non-financial incentives, categorized by type, sector, and target audience.
It provides comprehensive information for investors looking to invest in the WB6. As an evolving resource, the platform will be updated every six months to ensure it remains current and relevant.
Automotive industry incentives - Corporate Income Tax (CIT) Reduction
- Economy name
- Albania
- ID
- A20
- Incentive name
- Automotive industry incentives - Corporate Income Tax (CIT) Reduction
- Brief description
- A reduced rate of Corporate Income Tax on 5 percent for legal persons with economic activities in the automotive industry
- Legal reference name
- Law No. 29/2023 “Income Tax” (“the new law”) dated 30 March 2023 was published in Albania’s Official Gazette 02/2023
- Legal reference
law section / article - Not available
- Incentive group
- Financial
- Incentive category
- Corporate Income tax (CIT)
- Economy-wide/Sector-specific
- Sector-specific
- Sector (Simplified)
- Manufacturing
- Sector (NACE)
- W AUTOMOTIVE INDUSTRY
- Size of firm that can use incentive
- All sizes of firms
- Level at which incentive is available
- Economy-wide
- Ownership of firm that can use incentive
- Any
- Incentive location
- General
- Main objective of the incentive
- Economic diversification
- In case of grant, share of grant in investment (in %)
- Contact Info
- Street "Dëshmorët e Kombit" Nr.3, Tirana 1001
- Weblink to Incentive information in English
- Click to open
- Weblink to Incentive information in local language
- Click to open
- Eligibility criteria
description -
Investors in the automotive industry in Albania may qualify for a reduced corporate income tax rate of 5% under conditions such as strategic investment designation, regional development incentives, job creation thresholds, export-oriented production, technology transfer and innovation initiatives, negotiated investment agreements, and participation in specific industry development projects or programs. The specific eligibility criteria and conditions for reduced tax rates are subject to laws of Albania, regulations, and government policies at the time of investment.
- Eligibility criteria
weblink - Click to open
- Awarding Authority (Name)
- Ministry of Finance, Ministry of Economy and General Directorate of Taxes
- Application procedure + Weblink (where available)
- The procedures are defined by the legislation and upon the agreement signed with the investor
- Implementing Authority (Name)
- Ministry of Finance, Ministry of Economy and General Directorate of Taxes