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tax credit and incentives

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

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vat threshold

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

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TAX MEASURES AND RELIEFS

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

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tourism business

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

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tax per capita

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

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local taxes

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

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shperndarja e barres

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

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shpenzimet buxhetore kosova

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

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progressive vs. flat

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

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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

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Tax (Fiscal) Freedom Day in 2020 in Albania

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 first day of April. Fiscal

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tax freedom day kosovo

Tax (Fiscal) Freedom Day in 2020 in Kosovo

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 of the year falls on

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