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The employees contribution is 9.5% while the employer pays 15%. Health insurance is levied at 1.7% for both employee and employer. The self-employed pay 23% for social security and 7% for health insurance. [ 7] Corporate tax in Albania is levied at a flat rate of 15%. Businesses with a turnover of less than 8 million is exempt from corporate tax.
The General Directorate of Taxation (Albanian: Drejtoria e Përgjithshme e Tatimeve) is a revenue collection agency of the Albanian Government. Its function is to collect tax revenues, uniformly applying tax legislation to finance the Albanian state budget. To achieve these goals, the Directorate assists taxpayers with services so they can ...
financa.gov.al. The Ministry of Finances and Economy (Albanian: Ministria e Financave dhe Ekonomisë) is a department of the Albanian Government, responsible for matters relating to economic policy, the central government budget, taxes, banking, security and insurance, international economic work, central, regional and local government.
International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation ...
The Agency for the Delivery of Integrated Services Albania was established on 22 October 2014, pursuant to Article 100 of the Constitution, Article 10 of Law no. 9000, dated 30.1.2003, "On the organization and functioning of the Council of Ministers", Article 6, of Law no. 90/2012, "On the organization and functioning of the state administration", and articles 10 and 11, of Law no. 185/2013 ...
The bank was founded in 1925 in Rome as the National Bank of Albania (Albanian: Banka Kombëtare e Shqipnis, Italian: Banca Nazionale d’Albania, Albanian acronym BKS or BKSH), replaced in 1945 by the state-owned Albanian State Bank based in Tirana (Albanian: Banka e Shtetit Shqiptar, BSS or BSHSH), before taking its current name in 1992.
The Authority (AFSA) was setup in the year 2006 as a Public organization. The AFSA is solely Responsible for the maintenance and supervision of all major financial activities going on in Albania. The reports from the AFSA are directly submitted to the Albanian Government. [1] The AFSA majorly concerns about the safety and security of the rights ...
The economy of Albania went through a process of transition from a centralized economy to a market-based economy on the principles of the free market. Albania's economy is based on the service (54.1%), agriculture (21.7%), and industrial (24.2%) sectors. [3] The country has some natural resources, and the economy is mainly bolstered by ...