TIRANA, June 5 /ATA/- Minister of Reconstruction and Coordinator for drafting the National Plan Albania 2030, Arben Ahmetaj, stated on Friday that the profit tax on small business will be zero until 2029.”
At a news briefing, Ahmetaj said, “I am here to communicate with the citizens on the advancement of the National Plan Albania 2030. The National Plan will not be a strategy based on economic theories, but will be an in-depth development plan of concrete reforms, actions, projects, slated for implementation month after month and year after year ”.
“The objective of the National Plan is to sustain economic transformation of Albania and realize the dream of Albanians for EU integration,” Ahmetaj said.
“The National Plan 2030, as confirmed by PM Edi Rama yesterday, will include an important measure for the majority of Albanians working in the private sector, for Albanians working in the small business,” Ahmetaj said.
PM has informed yesterday the Albanians about the latest initiative for tax break designed to benefit the small business with an annual turnover up to ALL 14 million.
“The reduction of profit tax to zero, as Prime Minister pointed out yesterday, may be coupled with the scrapping of Value Added Tax. We have engaged a number of Albanian and foreign specialists in the framework of the National Plan Albania 2030, to reflect the interest of any Albanian living off honest work, every Albanian abroad who wishes to return to his homeland and I can affirm that the request made by Prime Minister regarding the abolition of value added tax, after the calculations and projections for years to come and looking into detail all the procedures in a bid to streamline them and the approach to the enterprise in terms of taxes and value added tax, very soon you will learn this news about the removal of the Value Added Tax, ”- Ahmetaj said.
This initiative will go through parliament within this session.
“Before the closure of parliamentary proceedings at the end of July this year, the bill on reduction to zero of the profit tax will go through parliament, confirming in law what PM Rama has communicated and pushed for as part of the efforts to relieve the fiscal burden on every citizen and the small business in particular, which is an important source of employment.”
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