Proposed income tax changes to increase companies’ burden

Tirana Times
By Tirana Times November 25, 2016 11:41

Proposed income tax changes to increase companies’ burden

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  • "Clearly, this change would increase the corporate income tax payment to the budget as long as companies incurring losses will have no opportunity to recognize as tax deductible the interest rates paid on their debts. As a result, the proposed change is an increase in the tax burden, which runs counter to the government's commitment not to further increase the tax burden,” says the American Chamber of Commerce

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TIRANA, Nov. 21 – Some newly proposed changes to the income tax will increase the companies’ corporate income tax by lowering the amount of tax deductible interest involving borrowing expenses

Tirana Times
By Tirana Times November 25, 2016 11:41