The latest publication of the Monetary Fund (World Economic Outlook, April 2022)[1], which follows the publications by the World Bank and the European Bank for Reconstruction and Development show an even darker situation of the economy, through the...
Citizens who do not intend to vote cite disappointment that so little has changed despite previous votes. They are angry at their leaders, the lack of representation and politicians’ behaviors in their interest and people related to them. In this...
ALBANIA Tax credits and incentives The following entities are exempt from CIT: (more…)
Economies of WB6 maintain a similar economic structure in their contribution to GDP, and consequently face similar challenges in their efforts for sectoral economic developments. The GDP of the Western Balkans in 2019 is estimated to have reached US. D...
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 the 111th day of...
A reading of the latest edition of Credit Suisse Global Welfare Report for 2019, which is being published annually and with a history of over 20 years, shows that the Western Balkan countries, except Serbia, have a slight increase...
Voter turnout as a percentage of the voting-age population in the Western Balkans (WB6) was 54% in the last ten years election[1]. In last ten years, though turnout was lower compared to other recent Albanian elections, it...
Most of the Double Taxation Treaties on Income and Capital Income Tax (DTT) are largely based on (a) the Model of the Revenue and Capital Income Tax Model (OECD Model) and (b) The Model of the Double Taxation Convention between...
In 2018, the Western Balkans are characterized by fiscal policies that are focused on the stability of the tax rate, the slight decrease in the rate of social contributions, and its rise to VAT in the case of Montenegro. The...
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...
