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June 18 elections: Opposition Democrats appeal to voters through lower taxes

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7 mins read
10 years ago
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TIRANA, Feb. 13 – With only three months to go before the official launch of the electoral campaign for the June 18 general elections, the main opposition Democratic Party and its leader Lulzim Basha are appealing to voters through a program mainly focused on lower taxes which they say will lift the country out of crisis by creating new jobs and reducing poverty. Speaking last weekend at a meeting with business representatives, Basha pledged a 9 percent flat tax and a zero rate on dividends, compared to a current 15 percent rate on the corporate income tax and the withholding…

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Story Highlights

  • "We will apply a 9 percent flat tax, 9 percent on personal income by preserving the tax-free 30,000 lek (€218) monthly wage threshold, 9 percent on the corporate income, 9 percent on social security contributions on both employers and employees, the dividend tax will be zeroed out while the value added tax will be applied at 15 percent. Small businesses will be taxes at a fixed rate equal to 1.5 percent of the turnover that will replace income tax and VAT,” says opposition Democratic Party leader Lulzim Basha

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