GUIDE

04: TAXES FOR NON-RESIDENTS IN SARANDA

By Vangjel Dhimo on February 25th, 2023

WHAT IS THE DIFFERENCE BETWEEN NON-RESIDENTS AND LOCALS IN SARANDA?

Anyone purchasing real estate in Saranda, Albania whether as a first or second home, is not subject to taxes, regardless of whether they are a non-resident or tax resident. Even if they obtain a residence permit, they have all of the same rights as Albanians and are not subject to any taxes.

To open a bank account in Saranda, Albania, you must satisfy one of the following conditions: either be the owner of a legally acquired real estate property with all necessary legal documents, including a certificate of ownership, or possess a rental or business contract for a minimum duration of one year. Fulfilling either of these criteria grants you the same banking rights as local residents.

Non-resident individuals are taxed only on income generated only in the territory of Albania which is subject to 15% of the rental income for example.

QUESTIONS AND ANSWERS

HOW MUCH IS THE PROPERTY TAX IN ALBANIA?

According to the Albanian tax authorities, a property’s estimated monetary value is its tax-assessed value and it is 0.065% per year.

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