A comprehensive update documenting Albania’s transformed tax landscape following the introduction of Law No. 29/2023 “On Income Tax,” effective January 1, 2024. Covers the standard 15% corporate income tax rate on worldwide income for residents and Albania’s first formal Controlled Foreign Company (CFC) rules targeting low-tax jurisdictions (effective tax rate below 7.5%). Details Albania’s removal from the EU grey list in February 2024, recognizing its cooperative status after fulfilling commitments to eliminate harmful tax regimes. Profiles the EU blacklist of non-cooperative jurisdictions (February 2025 update) including American Samoa, Anguilla, Fiji, Guam, Palau, Panama, Russia, Samoa, Trinidad and Tobago, US Virgin Islands, and Vanuatu. Examines domestic tax incentives including reduced rates for software development (0-5%), agritourism (5%), renewable energy, and strategic investments. Includes transfer pricing framework based on OECD guidelines, anti-avoidance provisions, and summary statistics. Data sourced from Albanian Ministry of Finance, General Directorate of Taxation, PwC, KPMG, OECD, and European Council.