30% profit tax deduction for sponsorships - National Electronic Registry for Donations is created, restrictions for donors
Sponsors who contribute to the field of art, sports or culture will benefit from fiscal relief through a direct deduction of up to 30% from profit tax, both in the case of sponsorship in monetary value and in kind, guaranteeing a favorable fiscal treatment and concrete incentives for private sector engagement. Also, the income obtained from sponsorship is exempt from tax for the beneficiaries and does not affect their financial result for tax purposes.
The government has published for public consultation a completely new draft law on donations and sponsorships, with the aim of strengthening cultural identity, sustainable artistic and cultural development, promoting sports, territorial promotion, and increasing social cohesion, in line with the priorities of the National Development and Integration Strategy.
The draft law expands the areas for which donations and sponsorships are permitted and distinguishes between the two concepts. Specifically, a donation is considered the voluntary, unconditional and without any benefit transfer of financial contributions, movable or immovable property, provision of services or other forms of support for activities of public interest of public bodies. On the other hand, sponsorship is considered a contractual agreement by which the sponsor freely offers financial, material or other forms of support for an activity, activity or organization of public interest, in exchange for the right to promote and advertise its name, products or services.
Referring to the draft, for the first time it is envisaged that Albania will have a National Electronic Registry for Donations and Sponsorships. This registry will be accessible by the public at any time on the official website of the General Directorate of Taxes for data related to donations and sponsorships of public bodies. Any donation to public bodies over the value of 500,000 lek and all sponsorships will have to be registered in this registry.
Law enforcement bodies with competences in the fight against money laundering, corruption and terrorism will have unlimited access to the Register for data related to both public bodies and other entities benefiting from sponsorships, donors of public bodies and sponsors.
Since donations and sponsorships are considered high-risk activities for illegal influence, money laundering or illicit gain, the draft law has restricted certain categories of natural and legal persons from being donors and sponsors for public bodies (natural and legal persons convicted of offenses related to active or passive corruption, money laundering, financing of terrorism, illegal trafficking, tax evasion, non-payment of tax obligations, forgery of documents, or have activities that advertise gambling, tobacco, alcohol, etc.). The same criteria will also apply to sponsorships of a non-profit organization, sports organizations, sports associations, commercial entities in the field of film production and the audiovisual industry and individuals representing the Republic of Albania in international cultural, art, and sports activities.
"The US has not blocked the movements and travel of Albanians" - Minister Spiropali: Immigration policy for residence permits has changed
The Minister for Europe and Foreign Affairs, Elisa Spiropali, has stated that "the latest US decision has not blocked the movement and travel of Albanian......
General growth in the foreign exchange market – Major currencies strengthen!
The US dollar has registered an increase in value this morning compared to the day before, being bought today at 82.5 lek and being sold at 83.5 lek......
Car sales and exports from China - Uncertainties and geopolitical tensions put pressure
China's auto sales and exports are set to slow due to sluggish demand and external uncertainties, a major Chinese industry association said on Wednesday.......
From "Are you dead?" to Demumu - The Chinese app that cares for people who live alone
The Chinese mobile app "Are You Dead?", designed for people living alone to notify loved ones when there has been no activity for days, has announced it will......
"The transatlantic alliance is falling apart" - German Finance Minister: More European patriotism is needed
German Finance Minister Klingbeil called for a new era of "European patriotism" in defense of the continent's economic interests, proposing that companies......
Davos begins a new era - Confronting the global order shaken by Trump
Business and political elites head to the World Economic Forum's annual meeting in Davos next week, with its vision of a rules-based global economic order......
Croatia restores military service after 17 years - Around 1,200 young men have received their draft papers for two months of recruitment
The new year brings with it an old challenge in a new form for young people in Croatia. In the first days of 2026, about 1,200 of them received letters......
US Senators Introduce Cryptocurrency Bill - Draft Provides Federal Regulatory Framework for Crypto Stablecoins
US senators have unveiled a bill that would create a regulatory framework for cryptocurrency, which if passed could potentially boost the adoption of digital......
