According to the Business and Consumer Confidence Survey (BCCS)[1], for the month of May 2024, reported by the Bank of Albania[2], it is stated that "The Economic Sentiment Indicator[3]] in May 2024 marked a...
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...
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...
During the first 4 months of 2024, the second level banks have given an average of 940 million ALL in loans every day. The amount shows that the demand from businesses and citizens has increased this year. New loans for businesses...
In Kosovo, the methodology is the same to calculate the fiscal burden and the tax burden, as it was clarified for Albania. The burden of general (fiscal) revenues in Kosovo is the result of the contribution of 88% from tax revenues...
In the analysis of the distribution of the tax burden according to the name of taxes and fees (including taxes and fees that are divided between the central and local governments) we notice that the tax burden is to a...
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...
Typically, like many administrations in different countries, the Directorate of Large Taxpayers (part of General Taxation Directorate, GTD) has been established in Albania for 20 years and continues to function within the structure of the central tax administration. The main purpose...
Budget expenditures in 2023 were realized in the amount of 674.68 billion ALL or 3.6% more expenditures from 2022 (23.7 billion ALL more in 2023). Total spending is 29.2% of GDP (Table below) with a decrease of -0.3% of GDP...
The annual budgets in Albania have introduced various fiscal burdens[1] , which include both the tax burden and the non-tax burden[2]. In recent years, the state budget has aimed to quickly reduce the budget deficit by strengthening...
