Monthly Archives - May 2024

Taxation of free professions and employees in Albania, Kosovo, and the Balkan countries, 2024

In a look at the tax treatment for the entire Western Balkans of freelancers, we see that the highest tax rates are found in Albania and Serbia, respectively with 15% and 10% and 20% of their profit after some...

Wage indexation to increase confidence in the system and for a new challenging model

The relationship between wage setting and inflation has been closely monitored in recent years by the Bank of Albania and the former Ministry of Finance and Economy, as it was key to their success in achieving macroeconomic stabilization in an...

Inflation of the first quarter 2024 in OECD countries, the EU and the Western Balkans

Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) remained broadly stable at 5.8% in March 2024, after 5.7% in February (Figures 1 and 2). Headline inflation fell in 19 OECD countries with the largest...

Tax burden in the regions of Kosovo in 2023

The tax burden is a product of the revenues collected by the central tax administration and the customs administration, from the own revenues of the municipalities, as well as the collections for pension contributions. All revenues together make up the comprehensive...

Distribution of the tax burden according to Kosovo’s budget expenditures

For reasons of planning expenses on the basis of stable incomes, a conservative approach has been applied to the evaluation of the effect of these measures. Consequently, spending will be able to be kept at a manageable level, and with...

Personal income in the municipalities of Kosovo in 2023

Municipalities collect their own revenues in two forms: (a) as revenues collected directly by the municipality, as an activity of the municipality, and (b) as revenues collected from the central level (in the following text, indirect revenues) which are transferred...

Interview – The economic impact of the Chinese president’s visit to Europe

In an interview that Mr. Gjokutaj told China Foreign Radio about the economic impact of the Chinese president's visit to Europe that "this visit comes in the framework of a relationship which, after 5 years of President Xi Jinping's...

Central and Local taxes and fees per inhabitant in Albania in 2023

The method of calculating the tax burden expressed as taxes and taxes per inhabitant The tax burden is based on municipal/district data on population and local revenues collected by the Municipality, DPT and DPD. The income that is calculated as a...

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