Delina Ibrahimaj, State Minister for Entrepreneurship and Business Climate, during a meeting with businesses in Elbasan, explained the 3 main components of "Fiscal Peace".
"The first is an agreement that will be proposed to every taxpayer who is subject to profit tax, which will last for 3 years, with the right to review every year, where based on a 3-year history of the company's net profit, a profit tax rate of 15% will be proposed to the business. All businesses that decide to enter into this agreement will be exempt from any tax audit. If it decides to declare a profit higher than that agreed with the tax administration, the business will be taxed at 5% for the additional profit. How will this profit that will be proposed to every business be calculated? Let's assume a business with a net profit of 100 thousand euros in 2020, in 2023, 110 thousand euros and in 2024, 120 thousand euros. The average of the three years of net profit is 110 thousand euros. Economic growth will be growth depending on the forecast that the Ministry of Finance will have for that year's growth. For each business there will be a coefficient related to the quality of the business, whether it is large or small. The formula to calculate the profit is the average of three years to which a value is added, multiplied by economic growth and the adjustment coefficient", said Brahimaj, writes A2.
"Second, for all businesses that submit a balance sheet, we should give them the right to review their tax returns for 5 years back, by reviewing the various balance sheet items and paying a 5% tax for each difference that will be reviewed. This is done so that the business can close the history of the past and move forward in the future safely and in peace", added Minister Delina Brahimaj.
"Third, we have taken measures to alleviate accumulated liabilities due to economic problems. For this, we have proposed to erase all liabilities, interest and arrears of businesses that are older than 10 years. We erase all interest and arrears of businesses between 5 years and 10 years. And it is valid for businesses that will decide to pay in one installment to pay the entire liability and 50% of the liability will be forgiven. Those who will not be able to pay the liability in one installment will be given the opportunity to enter into an agreement, pay it in 12 months and have 25% of the liability forgiven," Brahimaj added. (A2 Televizion)
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