TIRANA, October 19/ATA/ Revenues collected from dividend tax was realized in the amount of 24.8 billion Lekë.
The Ministry of Finance and Economy reported that the revenues from this item resulted in 4.9 billion Lekë, or 24.3% more than in the first 9 months of 2020, as well as 148 million Lekë or 0.6% less than the 2021 plan for taxation on dividend.
From the analysis of dividend tax by sectors results the service sector with an increase of 27% compared to the first 9 months of 2020 and the construction sector with an increase of 40% compared to the same period of the previous year.
The Albanian economy suffered two consecutive shocks, the one from the earthquake of November 26, 2019, which caused damage estimated at over 900 million Euros, while the need for reconstruction was estimated at over 1 billion Euros, as well as the pandemic caused by the Sars-CoV virus. -2.
In this situation, the government decided, among other things, to facilitate business, postponing the deadline for payment of dividend tax installments during 2020, as well as to zero it for businesses with an annual turnover of up to 14 million Lekë for a period of 8 years.
Dividend tax is subject to legal entities and partnerships that are registered for VAT, legal entities, as well as other partnerships of persons established or organized based on a foreign law and operating in the territory of the Republic of Albania, any other person, regardless of the status or legal form of its registration or recognition, when this is subject to value added tax, unless this person is subject to simplified profit tax for small business. /j.p/p.s./
