160 million USD more in taxes

“The package has 14 measures, three of which generate revenues while 11 are for easing the burden of individuals and businesses in Albania”, Cani declared.

One of the three taxes that will be raised is the circulation one, the cigarette excise and the income tax. The circulation tax will be raised with 10 ALL per liter. The excise of cigarettes with 20 ALL per package, while income taxes, besides payments, will be raised from 10% to 15%. This includes the income tax from selling houses or other properties, income taxes from intellectual properties, gambling and deposit interests.

As for the last element, the Minister said that the burden falls only on a small group of people.

“4.3% of bank clients own 60% of the deposits. 1.9% of bank clients own 40.1% of the deposits. These will have the main burden”, Cani declared.

Taxes will be lowered for chrome that is processed in our country. Custom tax for refinery oil, gas for fishing vessels and taxes on mandatory insurance will also be reduced. The government’s proposition for removing excise on energy drinks is not being supported by MPs at the Commission of Economy.

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