Albanian manufacturing sector calls for tax relief and investment support

The Albanian manufacturing sector is seeking tax and financial measures to offset rising costs and encourage investment in technology. During consultations on the 2027 Fiscal Package, the Albanian Manufacturing Association submitted several proposals to the authorities. One calls for aligning the tax-free threshold with the minimum wage.

Economic specialist Florian Zekaj said workers earning the minimum wage of ALL 50,000 pay no income tax. He said workers earning ALL 50,001 immediately face a 13% tax rate. Zekaj said the system unfairly affects workers whose earnings are close to the threshold. The association also seeks changes to customs tariffs on raw materials. Zekaj said countries similar to Albania have used this measure before joining the European Community.

Zekaj also highlighted the impact of higher fuel prices and the depreciation of the euro on the sector. He said rents previously paid in euros have started to shift to ALL. He called for greater government attention to manufacturing, particularly the footwear and textile industries, which he described as Albania’s largest exporters.

Meanwhile, the association proposes a grant scheme for technology, automation, robotics and digitalisation. It says the scheme would help manufacturers compete as Albania approaches European Union membership.

/a.p./

The post Albanian manufacturing sector calls for tax relief and investment support appeared first on RTSH.

Original post Here

News
Economic growth brings ALL 841 million more in support for citizens

Finance Minister Petrit Malaj said economic growth has increased financial support for citizens. He referred to state budget figures for the first 7 months of the year. During this period, the government spent ALL 841 million more than a year earlier on economic assistance, people with disabilities and their caregivers. …

News
Rare Petrit Kozeli Photo Collection Brings Troubled Tirana of February 1991 Back to Light

A small but valuable photo collection has joined the Albanian Telegraphic Agency’s (ATA) archives. The collection brings back images of Tirana in February 1991, during one of the most turbulent periods of Albania’s transition from communist rule. Photographer Petrit Kozeli took the images while working in Tirana. The original photographs …

News
Koman road transformed to boost tourism in northern Albania

Prime Minister Edi Rama shared images of the transformed Koman road, on social media today. The road connects the Vau i Dejës and Koman hydroelectric power plants. Rama highlights its setting in the spectacular landscape of northern Albania. The reconstruction began in February last year. The project received around ALL …