"VAT will be reduced to 15%" - Sali Berisha presents the "Made in Albania" program in detail
The leader of the Democratic Party, Sali Berisha, has presented in detail the "Made in Albania" program, which aims to promote production in Albania. According to him, the fiscal code that will be approved in the first 3 months can be changed during the 4 years for burdens, but only for reliefs.
A flat tax of 10 percent is imposed on capital, on income from work, with the exception of the first 50 thousand lek, which will not be taxed. A flat tax of 10 percent on non-salary income. Zero taxation for freelancers and small businesses. The annual ceiling for zero profit tax for small businesses. The VAT exemption limit will be 18 million lek annual turnover. VAT will be reduced to 15 percent, the 20 percent taboo will disappear.
Also, Berisha said that the infrastructure impact tax will be reduced from 18 percent of the sales price to 2 percent of the estimate.
The fundamental cause of the skyrocketing prices in construction are the absurd taxes imposed on the construction area, which in fact, depending on the case, are at least 10 times the upfront tax and in other cases even 20 or 30 times it. And all this is billed to citizens, making it impossible for them to buy. Or turning apartments into forbidden apples. Not only that, but this has a very strong impact on rents.
According to Berisha, the 3 percent social housing tax on the sale price is abolished, as is the 1 percent development permit fee on the investment value. Meanwhile, the property revaluation fee will be reduced from 5 to 1 percent and the property sales tax is reduced from 15 to 2 percent.
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