The calculation of fiscal freedom is composed of three factors: Individual income tax burden, Tax burden on business income as well Total tax burden as a percentage of GDP. In 2020, Fiscal Freedom Day for the Western Balkans is the 111th day of...
This day shows all Albanians how much they have had to work for their state budget and tells them that this period has lasted until the end of the first quarter of 2020. Fiscal Freedom Day falls on the...
The Day of Fiscal Freedom arrives in Kosovo in the last days of March 2020. Fiscal Freedom in Kosovo arrives on the 88th day of 2020. This day according to the calculations of the days according to the months...
The income and capital tax treaty between Albania and Saudi Arabia entered into force on 1 December 2019. The treaty, signed 6 February 2019, is the first of its kind between the two countries. (more…)
In complementing policies to minimize the informal economy in Albania, improving tax revenue collection, but also in terms of adapting tax legislation in line with latest technological developments, in particular the implementation of the mechanism known under the legal initiative...
Voter turnout as a percentage of the voting-age population in the Western Balkans (WB6) was 54% in the last ten years election[1]. In last ten years, though turnout was lower compared to other recent Albanian elections, it...
The tax share to GDP from oil and gas extractive industry account in a variable percentage from 1.4% to 1.5%. The payments of taxes and social contributions to govern budget revenues account in an average of 7.7% of tax and customs...
Albania is rated as one of Europe’s richest countries in onshore hydrocarbon reserves, relatively up to 220mn barrels and 5.7bn cubic meters of natural gas. According to Albanian Energy Association (AEA), Albania is estimated to have reserves up to...
The redistribution of budget revenues reflects the level of taxes for the expenditure on money transfers to the working age population and not just. It also aims at achieving personal income tax revenue progressively through revenue levels and the orientation...
In 2018, the Western Balkans are characterized by fiscal policies that are focused on the stability of the tax rate, the slight decrease in the rate of social contributions, and its rise to VAT in the case of Montenegro. The...
