The progressive tax for liberal professions, the entry into force of the law is postponed to 2024.

Consideration of the draft law is postponed “For income tax” It was scheduled to start implementation on January 1, 2023.

Eduart Shalsi, the chairman of the Committee on Economy and Finance, said during the meeting that the review of the draft law will begin in the committee in January 2023, and its entry into force will be postponed to 2024.

The draft has been opposed by representatives of interest groups.

...

The Ministry of Finance and Economy earlier published the draft law “On Income Tax” published by the Ministry of Finance and Economy on public consultations, which provided that from January 1, 2023, the income of liberal professions would be taxed at 15 to 23%.

According to data from the Ministry of Finance, there are over 14,000 registered professions operating as sole proprietorships, which will be subject to progressive taxation. For other business categories, income tax is foreseen to remain unchanged until 2029.

Source: Monitor Magazine.

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About the author

Andi Haxhillari is an economist and the founder of AlProfit Consult, an accounting, tax advisory, and financial management firm in Tirana, established in 2015. He holds the professional title of Certified Accountant, certificate no. 359, issued by the Certification Authority of the Ministry of Finance on July 4, 2012. He graduated with a Master's degree in Accounting and as a General Economist from the Faculty of Economics at the University of Tirana. For more than ten years, he has worked as an external economist for small and medium-sized businesses in Albania.

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