News

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 release for 2020 is on the 92nd day of the year, which falls on April 1st. After this period, earnings from labor and capital belong to the individual and business, as it is already considered that the budget has managed for only 3 months to introduce in the budget from taxpayers’ part of the profits generated from labor or capital leaving space for another three quarters. of the year they work for themselves. The day that celebrates the whole of Albania does not coincide with the day of fiscal freedom of each region, as the fiscal burden for Albania is calculated as the average of the entire fiscal burden of the country's regions.

According to the fiscal burden of each region, as well as the calculation according to the calendar of the year, it turns out that Fiscal Freedom will come to 12 Albanian regions in the first quarter of 2020. Durrës and Tirana regions are the only ones that celebrate Fiscal Freedom at the beginning until close to mid-April 2020.

The region of Berat, Lezha, Korça and Vlora result in the same number of days in 2019 and 2020, in which taxpayers from these regions work to pay fiscal obligations and get rid of fiscal burden.

The regions of Fier, Dibra, Elbasan, Kukes, Gjirokastra, Shkodra, Durres and Tirana turn out to have to work with a number of fewer days in 2020 than in 2019.

Fiscal Freedom Day in 2020, as in 2019, comes first in the Fier region. In 2018, the taxpayers of Fier have worked 72 days to get rid of the fiscal burden. In 2019, they worked 72 days to get rid of this burden. 2020 Fiscal Freedom Day falls on March 14th.

Taxpayers in the Dibra region in 2020, as well as in 2019, hold the second place in the country in terms of the number of days they have spent to get rid of the fiscal burden. In 2018, the taxpayers of Dibra worked 73 days to get rid of the fiscal burden. In 2019, they worked 74 days to get rid of the fiscal burden. 2020 Fiscal Freedom Day falls on March 14th.

Taxpayers in the Elbasan region worked 82 days in 2018 and 84 days in 2019. In 2019, Elbasan taxpayers held third place for the day of fiscal freedom that came earlier than other regions in 2020 on 24 March. On this date, taxpayers from the Kukës and Berat regions are also relieved of their fiscal burden. Fiscal Freedom Day in Kukës fell on March 20, 2019 and in Berat on March 25.

The day of fiscal freedom 2020 in the region of Lezha and Gjirokastra falls on March 27. Taxpayers of these two regions had Fiscal Freedom Day in 2019 on March 28 and March 31, respectively. In 2018, taxpayers in the Lezha region worked 87 days to pay off liabilities under the obligatory fiscal burden to pay, while Gjirokastra taxpayers worked 90 days. In 2019, taxpayers in the region of Lezha and Gjirokastra have worked for 87 working days on behalf of the budget.

Even in the region of Shkodra and Korça, taxpayers have had the Day of Fiscal Freedom 2020 2020 on March 28, while the Day of Fiscal Freedom 2019 in Korça has fallen on March 29 and in Shkodra on March 31. In 2018, taxpayers in the Shkodra region worked 90 days to pay off liabilities under the compulsory fiscal burden to pay, while Korça taxpayers worked 88 days. In 2019, taxpayers in the Shkodra and Korça region worked for 88 working days on behalf of the budget.

Taxpayers in the Vlora region have Fiscal Freedom Day 2020 on March 29. Fiscal Freedom Day in 2019 has fallen on March 30th. Taxpayers in the Vlora region, both in 2018 and in 2019, have worked 88 working days to pay tax liabilities to the budget.

In the region of Durrës, taxpayers have the day of fiscal freedom 2020 on April 2, while in 2019 the day of fiscal freedom was on April 4. Taxpayers in the region of Durrës, in 2018 worked 94 working days, while in 2019 worked 93 working days to pay tax liabilities to the budget.

In the region of Tirana, taxpayers have the day of fiscal freedom 2020 on April 12, while in 2019 the day of fiscal freedom was on April 13. In this region, which has the largest number of taxpayers in the country, they have paid 103 working days in 2018 and 102 working days in 2019 to pay tax liabilities to the budget.

After this date, all taxpayers can calculate the remaining income to use for their own purposes and needs for consumption, savings, or investment. This facility helps to encourage greater consumption for family members, as well as increase savings and their use for investment by businesses. But in reality, beyond the symbolism of the date, planning is done based on programs that are based on business or individual performance.