Progressive taxation for all incomes: Here are schemes that are expected to be implemented

The government has undertaken an initiative to progressively tax all revenues. For this law, experts from the Ministry of Finance and the International Monetary Fund have been working for two years.

All the logic is that all types of income can be united into a system and the amount that will eventually be imposed on income taxes. Today, only wages are progressively taxed. At the rate of 0, salaries up to 30 thousand, 13% are taxed to 130 thousand, and 23% for salaries over the border. It is learned that the same tax rate will apply to the total income provided.

Currently, the tax on rents, bonuses, service contracts and bank interests is 15%. By means of the new model, if monthly income is over $160 thousand, the tax will increase, and if it is under this tax limit, it will decrease.

Television Klan has managed to secure a preliminary draft that Monetary Fund experts have submitted to the Ministry of Finance. This option is proposed that revenue from work, business, dyvident, property sales, rents, cultural and sports activities, copyright and banking rights be counted together.

The provision of progressive taxes on all income sources for individuals has warned Finance Minister Arben Ahmetaj a few days ago.

The new “Law will include integrated revenues based on taxable, not as now fragmented. Each income will be calculated as a whole in tax terms and placed above rates”.

The change in how personal revenues will be taxed will come into effect in 2019. Exceptions will be available only for income derived from social insurance, social compensation, and the rewards provided by state authorities for science, sports and culture.

In the version that the IMF has delivered, there is also the proposed inclusion of revenues from the game of fate, which the previous day were removed as taxable revenues even by the law on income tax.