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Zero Taxes for Startups in Albania

posted by cmn32480 on Wednesday November 25 2015, @12:54AM   Printer-friendly
from the US-should-follow-suit dept.

Phoenix666 writes:

The Prime Minister of Albania Edi Rama announced on a press conference that the government has cut taxes to zero for small businesses whose annual turnover is between 0 – 50.000.000 Albanian LEK, or around 36,400 Euros.

"All businesses that have an annual turnover no more than 36,000 Euros in a fiscal year, will not pay any tax. While any other business that has a turnover between 36,000 – 58,200 Euros (Approximate value), while remain subject to VAT, while the tax on profit while drop from 7.5% to 5%.

Shqip should be easy enough to learn...

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  • (Score: 2) by Geotti on Wednesday November 25 2015, @01:18AM

    by Geotti (1146) on Wednesday November 25 2015, @01:18AM (#267802) Journal

    I heard the Bahamas are great this time of the year... But nice try, Mr. Rama.

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  • (Score: 0) by Anonymous Coward on Wednesday November 25 2015, @03:57AM

    by Anonymous Coward on Wednesday November 25 2015, @03:57AM (#267861)

    Prostitution is legal in parts of Nevada [wikipedia.org] (also, there's no state income tax for individuals or corporations, but there's a payroll tax after $50,000 [nv.gov]).