Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency, with the elements of the financial plan working together in the most tax-efficient manner possible....
Economic activity has continued to grow at a healthy clip, led by domestic demand, which is expected to continue in 2019. Growth is expected at 4 percent in 2018, led by public investment, consumption, and services exports, financed by continued...
The goal of the tax system is to get all people to think of themselves as taxpayers. They know that as we think we are taxpayers, so shall we become. People who believe that they are taxpayers have, in fact,...
In countries with economies in transition, inequality has typically increased. In Central and Eastern Europe, inequality has grown at a gradual and steady rate on average, whereas in the South East Europe inequality initially increased sharply, peaked in the last decade and,...
There are multiple reasons for adopting VAT Automation. There is an increased complexity of Value Added Tax (VAT), regulatory pressure on risk management and control, increased attention to VAT by Tax authorities globally, too many transactions to maintain in control,...
The current consensus on indirect tax reform in developing countries favors a reduction in trade taxes with an increase in VAT to raise revenue. The theoretical results on selective reform that underlie this consensus are, however, derived from partial models...
Have you ever wondered how much tax you’re paying compared to other countries? This infographic from the European Parliament might help you find out. It shows a varied picture across the Union, in terms of tax rates, types of tax and...
Individual Income Tax Declaration Annual Declarations of Individual Income Taxes. Tax calculation of withholding taxes on income derived from renting, individual creative work as well as from other sources of income.Declaration of national and local taxes and fees Assistance in calculating and declaring local...
To make comments on the subject it is needed to be answered to some questions.Firstly, higher taxes or lower taxes? What if a new business?The perception of Albanian citizens and businesses to a functional economy and fiscal system is largely...
