TIRANA, Nov 21 /ATA/ Collections in personal income tax amounted to ALL 33.6 billion, ALL 5.2 billion or 18.3% more than the 10-month 2020, as well as 195 million ALL more than the 10-month plan of 2021.
According to the Ministry of Finance and Economy, there are two factors that delivered an impact on increase of revenues from this item: the declaration of individual annual income for persons earning more than 2 million ALL per year, and the dividend.
“Tax on personal income declaration with an increase of 96% compared to the 10-month period of 2020, as well as collections in tax on dividend and shares with an increase of 53% compared to the 10-month period of 2020 had a significant impact on individual income tax revenue, ” according to MoFE. /j.p/sm/
