The informal economy is important to the formal economy because if its size is formalized year after year, this would potentially affect economic growth, but it would also increase government budget revenues and as a result improve social welfare. In an...
In response to the economic situation of 2023 dominated by inflation, we think that it has had its own impact on the tax burden, especially on indirect taxes that are based on consumption and have a direct effect on daily...
Value added tax (VAT) in Albania, according to tax statistics in 2023, includes 34,767 taxpayers within the scheme, of which 9,450 are taxpayers registered as small businesses. The number of taxpayers with VAT guaranteed the main large source of revenue of...
The estimated size of the informal sector in Albania is well above the EU average and at the upper end of the Western Balkan countries (WB6) in terms of employment, as seen in the table below. Western Balkans: Informality, 2019 (% of...
"Tax Systems in the Western Balkans, 2023" (in Albanian) is a paper based on the examination of the tax legislation in the practice of 2022 and compared with the report of previous years with the same theme of fiscal policies. This...
In an initial reaction that naturally arises from taxpayers, fines concern those taxpayers who do not pay taxes or who do not declare income and expenses together with employees and their salaries at the real level. A growing discussion has started...
The review of the organization of the directorate of large taxpayers in Albania should be the product of discussion in various forums, where communication through the Tax Council (as political initiative of Government) should be the main part where to...
Although the growth of the fiscal burden seems to be the easiest way to narrow the budget deficit, this is not true every time. The main argument is that the fiscal burden is planned to increase/decrease at the same...
