Taxation authorities reach record collection figures this year

TIRANA, June 2 – Taxation authorities reported Monday they had reached a great increase in collected taxes during the first five months of the year. Officials believe this is a clear sign of the success of the flat tax system.
Authorities also said they had introduced new methods of fiscal management this year that has helped in surpassing the targeted goals set earlier for tax revenues. A statement said the Tax Authority had accomplished 123.7 percent of its brut tax collection during the first five months of 2008 compared to one year ago, or 11.2 billion leks more. The month of May saw 104.4 percent realization or 2 billion leks more.
Though profit taxes were reduced, collections from that tax was 143.7 percent, or 2.6 billion leks more, adding that the value-added tax took in 2.5 billion leks more, while personal profit taxes increased by 4.4 billion leks. Excise taxes also increased revenues with 1.3 billion leks, the statement said. (Tirana Times Staff)