Albania Plans to Begin Taxing Crypto-Derived Income Next Year

Albania plans to begin taxing crypto-derived income next year. According to Exit News, the draft reads: "A digital representation of a value that can be deposited, traded or transferred in digital form, and that can be used for payment or investment purposes or as a medium of exchange, including but not limited to cryptocurrencies". Any income derived from business transactions or mining will be classified as income from business under the new law, with different tax rates depending on the type and size, the report said. In cases of individuals, they will be subject to an investment income tax of 15%, except for dividends.