Personal income tax increased by 34% in 9-month of 2019

TIRANA, November 9/ATA/- During the 9-month of 2019, the personal income tax amounted to ALL 37.4 billion (ALL9.5 billion), or 34% more than the same period a year earlier.

According to the official data published by the Albania Ministry of Finance and Economy, the increase in the personal income tax has been significantly affected by the growing levels of employees and wages.

The Albania Ministry of Finance reported that, the level of revenues amounted to 18.6% or ALL 5.9 billion more, exceeding our expectations.

In the 9-month period this year, the revenues from public and private sector employment increased by 9.1% and 5.2%, respectively, compared to the same period last year.//a.i/