According to the Ministry of Finance, the allocation of personal income tax and VAT has surpassed the government’s predictions by realizing 61% of the annual plan, after the government revised the state budget by a Normative Act.
The allocated personal income taxes during January-August period in 2015 has brought to the state budget an amount of ALL 19.554 million revenues, increasing slightly compared to the amount of personal income taxes allocated in the same period in 2014. The Ministry of Finances says it will collect about ALL 31.803 million personal income taxes in an annual basis.
In turn, the allocated VAT during January-August period is estimated to be ALL 80.201 million, ALL 1.398 million less compared to the same period of a year ago. Value Added Tax is a tax applied to merchandises and services inside the territory of Albania.
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