Albanian Government Council of Ministers

PRIME MINISTER EDI RAMA MET TODAY WITH REPRESENTATIVES OF SMALL BUSINESS IN VLORE TO INFORM THEM ABOUT AN HISTORIC TAX REDUCTION EVER UNDERTAKEN BY THE ALBANIAN GOVERNMENT IN ORDER TO SUPPORT BUSINESS. THE PRIME MINISTER PRESENTED IN DETAIL THE NEW FISCAL POLICIES ENVISAGED IN THE NEW PACKAGE OF 2016. ZEROING TAX FOR OVER 83 THOUSAND SMALL BUSINESSES GENERATING AN ANNUAL TURNOVER UP TO 50 MILLION ALL, AND A 7.5 TO 5% REDUCTION OF THE TAX ON PROFIT FOR APPROXIMATELY 16 THOUSAND OTHER BUSINESSES WITH A TURNOVER OF 50 TO 80 MILLION PER YEAR. THE PRIME MINISTER SAID THAT THIS TAX CUT FOR SMALL BUSINESSES IS THE RESULT OF THE OPERATION AGAINST INFORMALITY. HE ALSO NOTED THE FACT THAT STARTING FROM NEXT YEAR TAX AUDITS WILL BE CONDUCTED BY THE CENTER, AND INSPECTORS WILL BE REMOVED FROM THE FIELD. THIS THANKS TO HIGH-TECH SYSTEM THAT COLLECTS DATA FROM CASH REGISTERS, AND ACCORDING TO THE DATABASE THE SYSTEM SIGNALS BUSINESSES WHOSE TURNOVER IS UNNATURAL. THE PRIME MINISTER URGED FOR RIGOROUS IMPLEMENTATION LAW BY BUSINESSES, WHO MUST DOCUMENT EVERY PURCHASE THEY MAKE AND GIVE RECEIPT FOR EVERY SALE. THIS IS NOT ONLY A LEGAL OBLIGATION, IT IS A MORAL OBLIGATION AT THE SAME TIME.

“WE ARE IN A TOTALLY DIFFERENT PHASE. THE OPERATION AGAINST INFORMALITY IS PRIMARILY ABOUT PUTTING THE GOVERNMENT AND THE STATE ON THE SIDE OF ALL THOSE WHO ARE REGULAR AND WANT TO MAKE PROFIT WHILE RESPECTING THE LAW AND FACING A FAIR COMPETITION. THE RESULTS HAVE BEEN VERY ENCOURAGING AND HAVE LED US FASTER THAN WE EXPECTED IN THE CONDITIONS WHERE WE CAN TAKE A HISTORIC STEP IN TERMS OF THE RELATIONSHIP BETWEEN THE STATE AND TAX ADMINISTRATION WITH SMALL BUSINESS, OR THOSE WHO ARE SELF-EMPLOYED AND EMPLOY OTHER PEOPLE THANKS TO THEIR FREE INITIATIVE.

WE HAVE DECIDED TO ZERO TAX FOR ALL BUSINESSES THAT HAVE AN ANNUAL TURNOVER UP TO 50 MILLION OLD ALL. WE HAVE ALSO DECIDED CUT TAXES FOR ALL BUSINESSES THAT HAVE A TURNOVER OF BETWEEN 50-80 MILLION. THIS MEANS A REDUCTION FROM 7.5% TO 5%. ACTUALLY, WE ARE GOING BEYOND OUR COMMITMENT OF THE FIRST BAND. YOU KNOW THAT WAS THE FIRST BAND WAS 0-20, AND AFTER TAX IS ZEROED IT WILL GO UP TO 50, AND WITH THE BAND OF 50-80 WE ARE FULLY IN LINE WITH OUR COMMITMENT, BECAUSE WE HAVE HALVED THE TAX THAT WAS 10% UNTIL TWO YEARS AGO. IN ADDITION, WE REMOVED SINCE THE BEGINNING THE 800 THOUSAND ALL TAX FOR SMALL BUSINESS.

THE GOVERNMENT HAS MADE POSSIBLE A TREMENDOUS RELIEF, AND THE BENEFIT HAS NOT BEEN LITTLE IF WE TAKE INTO ACCOUNT THE ECONOMY OF YOUR HOUSEHOLD. BUT, ON THE OTHER HAND, WE WANT TO MAKE POSSIBLE, TOGETHER WITH YOU, AN ESCALATION OF THE FIGHT AGAINST INFORMALITY AND BECOME A GREAT BARRICADE AGAINST EVADERS.”

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IN VLORA, PRIME MINISTER RAMA VISITED THE SECONDARY HIGH SCHOOL “MUSTAFA KEMAL ATATÜRK” WHICH HAS BEEN RECONSTRUCTED AND EQUIPPED FOLLOWING THE FINANCIAL SUPPORT OF THE TURKISH AGENCY FOR COOPERATION AND COORDINATION (TIKA). COMPUTER AND SCIENCE LABORATORIES, LIBRARIES AND PLAYGROUNDS, INDOORS AND OUTDOORS ARE THE NEW PREMISES OF THE SCHOOL.

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