Fiscal package 2019: Gov’t to reduce profit tax by 5% for some categories

Fiscal package 2019 will provide a reduction by 5% of profit tax for three business categories, aiming to improve the business-to-business climate. According to Deputy Minister of Economy and Finance, Elton Haxhi these categories include companies with an annual turnover of ALL 8-14 mln, Agricultural Cooperative Societies and businesses categorized as agrotourism. Haxhi’s statements were made during the Annual National Business Forum Conference. The proceedings of the Forum also saw the presentation of the monitoring report on the implementation of the national business agenda on information, tax control, sectoralisation of VAT and public-private dialogue. According to the findings, about two thirds of business recommendations have been taken into account by the government. Meanwhile, informality is still a persisting problem, as the Albanian government has no figures on this phenomenon. The forum was also attended by the Minister for Enterprise Protection Sonila Qato, who urged an increased dialogue between the entrepreneurial associations and the office she leads.

Source: Scan TV