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Albanians will pay taxes once a year as in the US

2022-05-21 11:17:58Biznes SHKRUAR NGA REDAKSIA VOX
Albanians will pay taxes once a year as in the US
taxes

Albanian citizens will pay taxes once a year, as is the case with the tax model in the United States and some European Union countries.

If today the payroll tax is at the rate of 0.13 and 23%, based on its level, any other income received from rents, bank interest, service contracts, gambling or the sale of real estate, is taxed 15 %. 

Albanians will pay taxes once a year as in the US

This level of taxation will change. If an individual realizes income from other activities above the level of 2 million ALL per year, he will be forced to pay 23% tax and not 15%.

The only exception will be the income received by the shareholders of the companies from the dividend which will remain 8%. Even the corporate income tax will remain 15. 

Albanians will pay taxes once a year as in the US

The IMF has started the work of 3 years for the realization of the income tax scheme integrated in a single system and not fragmented as it is today. The initiative is expected to increase the tax burden for citizens and increase revenues in the state budget.

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