How much tax do Albanians pay on the salaries they receive? - The anti-informality action and administration reform increased revenues by 65 million euros
The increase in salaries in the public administration has returned part of the money to the budget, due to the higher tax paid by the employees.
Referring to the official data of the Ministry of Finance, the tax on personal income during the period January-October 2024 was collected in the amount of 54.9 billion alleks with a jump of 6.5 billion alleks or 65 million euros more than the 10-month period of 2023.
Expressed as a percentage, revenues are 13.5% higher, surpassing even the planning made for this period.
This figure is at historic levels of the decade, where growth has been progressive from year to year. If we compare it with the year 2014, where 22.6 billion ALL were collected for this period, it results in more than doubling of the income from these taxes.
While in the month of October alone, 5 billion ALL were collected, or 500 million more than October 2023, also the highest figure collected over the years for this month.
But not only the growth in the state administration has had an effect, but also the positive pressure exerted in the private sector.
On the other hand, the anti-informality campaign undertaken by the government regarding the under-declaration of salaries had an impact, causing that during the month of October, over 9 thousand businesses reacted by declaring their employees' salaries with an increase.
In the item of personal income tax, the highest contribution is made by the tax on the salaries of employees in the private and public sector, followed by the tax paid from the sale of real estate, which is at the level of 15 percent, as well as the tax on rents .
Tax on income from dividends and tax on interest income also occupy a considerable space.
Personal income tax is the second most influential item in the annual state budget, after VAT, and accounts for nearly 26.7% of total tax revenue.
Poll
"The Arctic may remain without ice in 2027" - Scientists warn of the global consequences of this phenomenon
While most Arctic Ocean forecasts have focused on month-by-month ice conditions, a new study has found that its complete melt may occur sooner than expected.......
A tractor works the lands of 550 farmers! - About 3500 agricultural machines are active in the territory of the country
To work their lands, so that they can plant cereals or cultivate fruits and vegetables, instead of filling the needs of 550 farmers, an agricultural tractor......
Out of 1,661 re-registrations in driving schools, only 13% pass - DPSHTRR: After the license points are removed, they must be retested
The General Directorate of Road Transport Services has published the results of the next retest session for those who have lost their driving license......
Kufizimi për importet e pajisjeve me gaze serrë - Nga frigoriferët, te kondicionerët. Detyrimet e reja për kompanitë që i tregtojnë
Sipërmarrësit që importojnë, eksportojnë, magazinojnë, hedhin në treg apo mirëmbajnë pajisje që përmbajnë gaze me efekt serrë të fluoruara do të duhet të......
Eurozone economy hits two-year high as households spend more!
The third estimate of the Eurozone's quarterly gross domestic product (GDP) growth rate for the third quarter was released on Friday. GDP growth reached 0.4%......
Brussels scolds Hungary for important mistakes in its fiscal plans!
Hungary's fiscal plans lack important information and are based on unreliable data, European Commissioner Valdis Dombrovskis said in a letter to Finance......
Average house prices in Britain hit a new record!
The Halifax UK house price index year-on-year for November was released on Friday, reaching 4.8%, which was the highest in two years, according to Halifax......
EU military spending increases - Uncertain geopolitical future encourages investment!
Military spending in EU countries has seen a significant increase in recent years. In 2023 alone, EU countries invested €279 billion, the highest amount ever......
