720 million euros were paid as tax from salaries in 10 months - From January 1, the minimum wage increases and indexation comes into effect
For the month of October alone, Albanian citizens paid 6.3 billion lek or 65 million euros in tax on the income they generated.
According to official data from the Ministry of Finance, this value has had a progressive increase and is at a record level if we compare it with October of the last decade. While in relation to October 2015, where the income from this item was only 25 million euros, there is almost a threefold increase.
Meanwhile, personal income tax revenues for the period January-October 2025 amount to 69.6 billion lek or about 720 million euros, or 25% more than the period January-October 2024.
Also in the 10-month period, there was a year-on-year jump in income from this item, reaching a record level for this decade.
According to the tax administration, the increase in income from insurance and TAP in 2025 shows that businesses are reflecting on formalization and responding to legal obligations.
The anti-informality campaign undertaken by the government regarding under-declaration of salaries had an impact on performance, causing over 9,000 businesses to react in the first phase by declaring their employees' salaries higher. The campaign then continued with a second round for those businesses that had not reacted.
On the other hand, the establishment of reference salaries in tourism throughout this year seems to have significantly influenced the increase in payments declared by businesses in this sector during the season, thus leading to an increase in paid obligations.
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 that employees receive to be higher.
Meanwhile, even more positive performance in this regard is expected next year, given that the minimum wage will increase to 500 thousand lek and the wage indexation scheme for some sectors at the level of 2.5% will be put into effect. Personal income tax revenues also include income from rents or interests. But the most important share is taken by those from wages.
Climate change adaptation financing - 4 sources to find 9.1 billion USD, from budget to PPPs and green bond
While the National Climate Change Adaptation Plan 2026–2036 requires 9.8 billion USD in interventions, while the financial gap reaches 9.1 billion USD, the......
Health "passes" the committee - Budget approved article by article. Opposition amendments for fund increase are defeated
The 2026 draft budget was discussed in the Parliamentary Committee on Health and Social Welfare, before being approved article by article. The opposition,......
Fewer Poles, but those who come spend more nights/ Poland, a stable market for tourist accommodations in Albania
Even this year, the chances of encountering a Pole on the street on one of the days of the year are high, even though the number of entries from this country......
What are the 28 new priority development areas? - Villages where investment opportunities are opened in Shkodër, Mat and Shijak are determined
The government has approved 28 new priority development zones in the municipalities of Shkodra, Mat and Shijak. Any individual who has been using land for......
The number of building permits decreases, but the surface area increases/ Tirana continues to hold the main weight of development with 93 permits
The Institute of Statistics has published the latest data for the third quarter of the year, which shows a double development in the construction sector.......
How will crypto-assets be traded in Albania? - Platforms under scrutiny, new law prohibits operations without authorization from AFSA and BoA
Albania is taking a decisive step towards regulating the crypto-asset market, through a new draft law that defines for the first time how cryptocurrency......
Serbia, close to buying NIS shares? - Government plans 1.4 billion euros for energy security
Serbia plans to allocate around 1.4 billion euros to buy unspecified financial assets in order to ensure energy stability, Tanjug news agency reports. This......
Albania, for the first time with a law on crypto-assets - Full transposition of the EU regulation. More security for investors
The crypto-asset market will be regulated for the first time by a separate law in Albania. The Ministry of Economy and Innovation has published a draft law......
