Minister of Finance and Economy, Delina Ibrahimaj, states that the wage taxation policy aims to support the low and middle income earners in order for them to benefit a further reduction of the payroll tax.

As part of the wage policies that aim at proportionality and payroll taxation with the principle “the one who earns more, pays more”, we have undertaken a series of initiatives in the fiscal package that will be applied in 2022 with the aim of reducing the taxable wage base and taxes for low and middle income strata. Of course, you are aware that the personal income tax limit is no longer 30 thousand ALL, but from July 1 it will be 40 thousand ALL, while the tax for individuals with income from 40 to 50 thousand ALL it has been reduced by half.

“The tax cap has been raised from 150 thousand to 200 thousand lek, in order for the middle –income and low-income strata to benefit a further reduction of the payroll tax,” she said. /a.a/sm/