How much taxes do Albanians pay? – As much as 27.5% of GDP, below the OECD average due to informality
The fiscal burden is an indicator of tax liabilities that are paid into the budget by citizens in order to turn them into goods and services and consists mainly of indirect taxes and direct taxes. Referring to the data of the Ministry of Finance for 2019, the fiscal burden for our country is at the level of 27.5% of the Gross Domestic Product of the country.
From a cross between these data and those of the Organization for Economic Cooperation and Development (OECD) in a recently published report, we see that the level of fiscal burden in our country is below average. Based on this we can say that the low burden of Albania compared to other countries comes as our country presents a reserve in collection from taxes and other taxes. This comes from the tax rate applied by Albania. In addition to the tax rate, another reason is the high informality in our country.
So, the Albanian state collects significantly less taxes from the forecast compared to developed countries, which makes it reflected in this rate. High informality in our economy has been constantly emphasized by many international institutions as one of the biggest problems of Albania.
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