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TAX CREDITS AND INCENTIVES IN WESTERN BALKANS, 2020
ALBANIA
Tax credits and incentives
The following entities are exempt from CIT:
- Legal entities that conduct religious, humanitarian, charitable, scientific, or educational activities.
- Trade unions or chambers of commerce
Taxable threshold, VAT rates and revenues, 1996-2020
Based on the turnover the businesses realize, the division of taxpayers at the end of 2019 is as follows:
20 thousand subjects in VAT are big business with a turnover of over 8 million ALL,
18 thousand subjects in VAT are small
Western Balkans: Tax measures and reliefs from COVID-19
ALBANIA
Income taxes
- Legal entities and other taxpayers registered for CIT purposes would be entitled to submit the Annual Financial Statements of 2019 by 31 July 2020.
- Taxpayers having realized an annual turnover less
Different model of tourism business - Albanian diversity in competition with the region
The main goal of this project idea is to present an image for the development of the tourism model based on the tradition that has been created in Albania during the last decades, the Mediterranean model of tourist services, as
Local taxes per capita by municipalities in Kosovo
The own municipal revenues are financial assets that are collected from taxes, fees, fines, payments for public services provided by the municipality, rents from real estate owned by the municipality, revenues from the sale of
Local per capita tax by municipalities in Albania in 2019
If we refer to the revenue items in relation to a year ago, we find that in relation to the same period of the previous year we have a greater increase in all revenue items, both in local taxes and in that one. of small
Distribution of fiscal burden by budget destination in Albania
Budget funds with their destination for economic development, but also increased competitiveness and faster improvement of innovation, start-ups and research - development. Meanwhile, all development and assistance policy
Distribution of fiscal burden according to the budget destination in Kosovo
Impact of new measures to improve the business environment, facilitation of imports for the manufacturing sector, exemption from customs duties in the case of imports of technological equipment, plans to narrow the tax gap and
Fiscal burden in countries with progressive taxation and those with flat taxation
Fiscal revenues from WB6 countries applying progressive taxation (Montenegro, Kosovo, Albania, Serbia) compared to countries implementing flat taxation (North Macedonia, Bosnia and Herzegovina) have a higher burden, respectively
Tax (Fiscal) Freedom Day 2020 in the Western Balkans
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