Personal Revenue Rates Changed

Kosovo Tax Administration will inform you that on August 23, 2024, it was published in Official Journal Law No. 08/L-124 for the change and completion of laws that define the amount of engagement at the height of the minimum wage, the procedures of the minimum wage setting and tax rates on annual personal income”, said the ATK report.

They have announced that this law has entered into force since August 23rd of this year, more specifically announcing the changes that have occurred. “This Law went into effect on the day of publication, which means it went into effect and began to be applied by August 23, 2024. With law entry into force, No. 08/L-142, with Article 5 changing tax steps that are designated at Article 6 of Law No. 05L-028 for Tax on Personal Future.

“More specifically, according to Article 5 of Law No. 08/L-122 becomes the change and completion of Law No. 05L-028 for Personal Future Tax, as follows, quote: Article 5

The Change and Fulfilling of Law No. 05L -028 for Taxation on Personal Article 6 Act of Law No. 05L-028 for Personal Future Tax is changed as follows:

Article 6th Tax Stairs 1 Tax in personal annual revenues is loaded according to the following degrees:

1.1 For taxable incomes of up to three thousand euros ($3,000), including three thousand euros (3,000.), zero percent (0%);

1.2. For taxable incomes of over three thousand euros (3,000, U.S.), up to five thousand and four hundred (U.S.), including five thousand and four hundred (5.400,400,000), eight percent of the amount of more than three thousand euros (3,000,000).

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1.3. For taxable income above five thousand and four hundred (5), an hundred ninety-two euros (192 m) plus ten percent (10%) of the sum of more than five thousand and four hundred (5),400 (U.S.).”