OPEN LETTER/ Come to the dialogue and listen to me speak, otherwise I will cut off your scholarships, you will rot in prison. Please!

 Kliko këtu për të tjera
Voxpress:

The "tangle" of taxation of salaries/Taxes: The reliefs come into force on January 1, 2025

2024-03-08 11:40:14Biznes SHKRUAR NGA REDAKSIA VOX

The "tangle" of taxation of salaries/Taxes: The reliefs come into

The Tax Administration has clarified to taxpayers that it will not recognize deductions from the salary as a result of tax relief for the tax returns of 2023 and those of 2024, as these reliefs will come into force from January 1, 2025.

The law on income tax provides that taxpayers with income from salary or business can deduct from 60 thousand to 600 thousand lek per year from their income for tax purposes. But Taxes clarify that this relief will come into force on January 1 of the next year.

"The Tax Administration emphasizes that deductions according to Article 22 of the "Income Tax" Law will not be applied, but will continue with the calculation, withholding and payment of TAP according to the current formula," explained Taxes.

Likewise, the taxes clarify that the deductions for the effect of the expenses that families make for the education of their children will come into force from January 1 of the next year.

"From the above, the calculation and withholding of the Employment Income Tax, for all employees, throughout the year 2024, will continue to be carried out in the same way as until today. For individuals with more than 1 employment during a month, the relevant employers will declare and keep TAP according to the values, which are calculated in the payroll and the TAP difference will be paid by the individual with the 2024 Annual Individual Declaration (same as for fiscal year 2023) ', explains the Tax Administration.

For the year 2024, it is not necessary to complete the declaration on personal status, according to article 66 of the new Law, according to point 3 of this article, which expressly states: "The declaration on personal status includes all the information necessary to claim deductions from income taxable according to article 22, point 1, of this law". Under the conditions that Article 22 extends its effects from January 2025, this declaration will also be completed starting from this deadline.

The current salary taxation formula provides that employees with a monthly salary of up to ALL 50,000 do not pay salary tax. For employees with a salary between 50,000 ALL and 60,000 ALL, 35,000 ALL is exempt from tax and 13 percent tax is paid for the amount from 35,000 ALL to 60,000 ALL.

For employees with a salary from 60,000 ALL to 200,000 ALL per month, only 30,000 ALL per month is exempt from taxation. While for the bandage from 30,000 ALL to 200,000 ALL, 13 percent is paid.

For salaries higher than ALL 200 thousand per month, every ALL above the level of ALL 200 thousand is taxed at 23 percent.


Në përputhje me standarded JTI

Video

SHIKO KANALIN NE YOUTUBE
×