The tax rate will be 15% and 23%.

The 15% tax will be applied for those with annual incomes of up to 14,000,000 Lekë. According to the Ministry of Finances, the tax will be estimated on the profit after there are subtracted the expenses and the minimum salary.

The other category of businesses that are included in the annual income over 14 million Lekë will be taxed at a tax rate of 23%.

The Ministry of Finance and Economy calculates that 70 to 90% of the total businesses have an annual income of up to 14 million Lekë per year. /p.s./

Prime Minister Edi Rama announced today that beginning from July 1, the income tax on salaries up to 40 thousand lekë will be zero.

“From July 1, zero tax on salaries up to 40 thousand lekë “, declared Rama.

Amendments to the law “On income tax” ensure that citizens with lower incomes pay lower income tax.

In order to alleviate the tax burden of the strata in most need of the population, it is proposed that taxpayers with personal income from employment in the range from 30,001 lekë / month to 40,000 lekë / month already pay 0% tax, from 13% tax that they paid over the amount of 30,000 lekë / month.

The 23% tax is expected to start to be applied on salaries over 200,000 lekë / month, from the current 150,000 lekë / month.

Also, in the same line, to alleviate the tax burden of the strata in need of the population, through this draft law it is proposed that taxpayers with income from salaries from 40,001 lekë / month to 50,000 lekë / month, continue to pay 0% tax up to the amount of 30,000 lekë / month income from salary, and unlike the previous regime, over the amount of 30,000 lekë / month to pay half of the tax rate of 13%, i.e. 6.5%./j.p/p.s./

Thanks to this policy, the civil servants in the public administration with small or middle salaries have benefited 960 million USD in the course of 8 years.

While during the period 2006-2013 when the Democrats were in power and applied the 10% flat tax, these money remained in the budget while the big business and people of high salaries were relieved.

The progressive tax remains a fundamental pillar of the Rama 3 government aiming to ensure the well-being for all.

“We abide by the principle that who gains more should pay more. Thus, the low-income citizens will be helped. The basic salary to be subject of tax will get increased from 30 to 38 or 40 thousand lekë by end of mandate. This means that 435 thousand employees or 63.8 % of the people employed in the country will pay zero tax”- stated Finance Minister Delina Ibrahimaj while presenting to Parliament economic and fiscal policies to be pursued during the third mandate of this ruling majority.

Ibrahimaj also said that the government will support the middle class through reviewing the level of progressive tax.

“The 23% tax will be applied at the end of the mandate only for salaries higher than 250 thousand lekë”, said she.

At present, an employee of 34 thousand lekë salary pays under the progressive tax only 520 lekë, but he used to pay 3400 lekë under 10% flat tax.

While an employee of 180 thousand lekë salary pays today 22 500 lekë tax as compared to 18 thousand lekë he used to pay before 2013-s. /j.p/p.s./

“These incomes should be taxed according to the progressive tax, too. In regard to two or three employment there should be new progressive rates”, he said.

Braçe said this should always be done under one principle: Whoever earns more, pays more. Whoever earns less, pays less.

“It’s not communism once again. It is capitalism and demands fair taxation of incomes and profits,” he said. /m.m/j.p/p.s./

Braçe stated that in the States who earns more, pays more; who earns less, pays less in tax.

“Communism, no. “Capitalism, progressive taxation, fairness, redistribution”, said Braçe in his reaction.

The released tables show the current rate of profit tax in our country.

23.8% on long-term capital gain. 20% on assets held in taxable accounts for more than one year. 3.8% tax on net investment income, created by Obamacare to fund medical care.

While in the next table the rates proposed by Biden. 36.9% on capital gains for those earning more than $ 1 million. 43.4% for long-term capital gains. 3.8% of effective medical care./p.s./

Speaking during the closing meeting of the Socialist Party in Tirana, Bozo said, “I am very proud as a grandmother that I am representing a generation that has worked with devotion for the country. It is a silent generation, who has the energy and maturity to be a counselor in all areas of our lives”.

“I invite you all without exception to go and vote for the SP on April 25 because we are free to move thanks to the vaccines provided by our government which gave us the opportunity to enjoy the grandchildren, to come in and go out with each other and to enjoy life with as many opportunities as we have, since we are slowly defeating the invisible enemy “, said Bozo.

“We are at the end of our campaign and I think that we have made a campaign while respecting the rules, laws, focusing on human health and well-being,” said Bozo.

“As a grandmother and a scientist, I think we should not stop our work for a minute. To work tirelessly, in order to successfully carry out the reconstruction of all the houses destroyed by the earthquake, to finally defeat this invisible enemy, to build roads, port cities, airports, which will make our life more beautiful. To make our children, grandchildren and great-grandchildren enjoy us here in our Albania “, said Bozo./a.a/p.s./

During a television interview, Ekonomi stressed that the government’s commitment to post-earthquake reconstruction and to vaccinate citizens in protecting their health from COVID-19 goes beyond political force and is about supporting Albania and its citizens.

In this context, she said, the reconstruction has undertaken to help citizens without partisan differences, with new homes free of charge for those affected by the earthquake, modern infrastructure and standard services, in power supply, and drinking water 24 hours a day.

Ekonomi stressed that Albania immediately paid the first installment to receive anti-covid vaccines and the battle is to protect the health of every Albanian. “The fight to advance the vaccination of citizens will be done only by the Socialist Party,” said the minister.

“97% of Albanians have increased their annual income and from 2013 to 2020, Albanians have brought into their family economy 1 billion USD more through the application of progressive taxation.”Just like those who earned more, paid 460% more”, – said the minister.

Ekonomi added that big business has been the main contributor to the state budget./j.p/r.e/p.s./