Albanians paid 73 million euros in wages and rent - The anti-informality action and administrative reform had a major impact
The state budget collected approximately 73 million euros from personal income tax for the month of January, marking a very positive performance compared to January 2024 as well as the same periods in previous years.
Specifically, the increase compared to January 2024 is approximately 16 million euros or 28%, making it the second item with the highest overrun after VAT. While compared to January 2015, these revenues have almost doubled.
But what has influenced this growth?
Over the last two years, a salary increase reform has been undertaken in the public administration, where the average salary exceeded 900 euros, causing the tax paid on the salary they receive to be higher.
This reform has also put the private sector in motion by indirectly encouraging wage movements, which has also led to increased consumption.
On the other hand, the anti-informality campaign undertaken by the government regarding under-declaration of salaries has had an impact, causing over 9 thousand businesses to react by declaring an increase in the salaries of their employees during the month of October alone. The campaign continued with a second round among those businesses that had not reacted.
In the personal income tax item, the highest contribution is made by the tax on salaries of employees in the private and public sectors, 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. This shows that in addition to salaries, the real estate sector has also had positive performance and the finalization of transactions, as well as the increase in the price of rents mainly in the capital, has caused the payment of taxes to be higher for those declared rents.
Also, a significant amount of space is occupied by tax on income from dividends and tax on income from interest.
Personal income tax is the second most influential item in the annual state budget, after VAT, and accounts for approximately 26.7% of total tax revenues.
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