Modifying the tax base of the income tax system for all business.
Sirs / respected chamber participants
Peace and God's mercy and blessings
East chamber present its finest greetings, and informs You of the receipt of the letter of Saudi Chambers Council Resolution (H.kh / C / 773) and the date (3.18.1437 e) referring to the letter of the Ministry of Trade and Industry No. (15375) and the date (6 / 3/1437 e), regarding the response letter of the Foreign Ministry, containing the determination of the Albanian government from the beginning of next year, 2016, modifying the tax base and a system of income tax for all business. As all businesses would be exempted of taxes that do not exceed the annual income (40,000 dollars), while the current law exempted businesses that do not exceed the annual income (15,000 dollars) and takes advantage of the new modification(33 000) a business venture, and will eliminate their taxes, while they must pay social and health insurance for their employees, and tax rate will be reduced from (7.5% to 5% ) for the business, which ranges between annual income (40,000 dollars to 70,000 dollars) and will benefit from it (83 000) commercial project.
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Please accept sincere greetings and appreciation.