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Dividend tax bill turned down, re-approved in new President, ruling Socialists clash

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5 mins read
7 years ago
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TIRANA, Dec. 21 – Albania’s president turned down some legal changes that almost halve the dividend tax, describing the amendment to the income tax law as preferential treatment with a retroactive effect in the form of a tax amnesty without a clear timeline, in a new clash with the ruling Socialists who have ignored his recent recommendations. The president’s suspensive veto was turned down by 73 votes of the ruling Socialists on Friday Dec. 21 during the last parliamentary session of 2018 in less than 24 hours after the president announced he had turned the dividend tax legal changes back…

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Story Highlights

  • The president and the ruling majority have clashed several times in the second half of this year, with the president exercising his suspensive veto power in several occasions including a new National Theater project and the 2019 budget, in what has been described as a political fight between the president and the ruling Socialists

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