The Latin Grammy Award for Album of the Year is an honor presented annually at the Latin Grammy Awards, a ceremony that recognizes excellence and creates a wider awareness of cultural diversity and contributions of Latin recording artists in the United States and internationally. The award is given to the performers, producers, audio engineers and mastering engineers for vocal or instrumental albums with 51 percent of new recorded songs. Albums of previously released recordings, such as reissues, compilations of old recordings and greatest hits albums packages are not eligible. Due to the increasing musical changes in the industry, from 2012 the category includes 10 nominees, according to a restructuration made by the academy for the four general categories: Song of the Year, Record of the Year, Best New Artist and Album of the Year.Beginning in 2018, songwriters are eligible for the accolade if 33% of the playing time are composed by them.

The Latin Grammy Award for Record of the Year is an honor presented annually at the Latin Grammy Awards, a ceremony that recognizes excellence and creates a wider awareness of cultural diversity and contributions of Latin recording artists in the United States and internationally. The award is given to the performers, producers, audio engineers and mastering engineer for new songs in Spanish or Portuguese language. The songs included on an album released the previous year of submission are also eligible only if they have not been submitted to competition before. Instrumental songs are also eligible. Due to the increasing musical changes in the industry, from 2012 the category includes 10 nominees, according to a restructuration made by the academy for the four general categories: Song of the Year, Album of the Year, Best New Artist and Record of the Year.