Albania: Gov’t supports the business sector by reducing tax burden

Albania: Gov’t supports the business sector by reducing tax burden

Albanian Minister of Finance and Economy Anila Denaj said that business support continues through the continuous reduction of the tax burden and a more favorable environment for business activity.

According to Denaj, support for businesses derives from income tax, zero tax for small businesses with an annual turnover of 0 to 5 million lek and 5% for businesses with an annual turnover of 5 to 8 million lek.

Through these financial instruments, according to the Minister of Finance, an additional 1.8 billion in revenue is directed to companies. /ibna