fiscal burden – Albanian  Telegraphic  Agency. http://en.ata.gov.al News Agency Wed, 24 Mar 2021 23:19:00 +0000 en-US hourly 1 Fiscal burden relief for business to increase income and employment http://en.ata.gov.al/2021/03/24/fiscal-burden-relief-for-business-to-increase-income-and-employment/ http://en.ata.gov.al/2021/03/24/fiscal-burden-relief-for-business-to-increase-income-and-employment/#respond Wed, 24 Mar 2021 21:18:40 +0000 http://en.ata.gov.al/?p=138468 TIRANA, March 24/ATA/- The Deputy Minister of Finance and Economy, Besart Kadia stated on Tuesday that, “fiscal burden relief for business supports the enterprise to provide more income and increase employment.”

During a televised interview, Kadia emphasized that, “small business with an annual turnover of up to 100 thousand USD to be exempted from VAT scheme, while businesses with an annual turnover of up to140 thousand USD will pay zero profit tax. This initiative aims to support the enterprises to provide more income and liquidity.”

In his remarks, Kadia noted that, “the process of digitalization of services has provided new online mechanisms which aim to avoid corruption and reduce unnecessary burdens created by bureaucracy.”  //a.i/

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