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For middle-wage earners, the tax burden increases nearly 5 percent in 2023

2024-05-29 10:09:58Biznes SHKRUAR NGA REDAKSIA VOX

For middle-wage earners, the tax burden increases nearly 5 percent in 2023

The payroll tax burden increased last year as inflation further reduced the monthly income of employees.

The OECD calculations, which were made comparable to Albania by the ALTAX center, show that the tax burden (social insurance + health + TAP) for employees with average wages (without children) was 28.2% of the labor cost in 2023. Between 2022 and 2023, the share of taxes in this type of family increased by 4.8%.

In the developed countries of the OECD (Organization for Economic Cooperation and Development), the average share of taxes on the average gross monthly salary was 34.8%, with a 13% decrease in 2023 compared to 2022.

According to the OECD study, the tax burden on the wages of people who had children was lower. In Albania there are no incentives for these cases and the tax burden on the wages of married couples is the same as that of single persons without children.

Many OECD countries offer a fiscal benefit to families with children through favorable tax treatment and/or benefits in monetary value.

The tax savings realized by a married couple with two children compared to a single worker with no children was 15 to 20 percent in most countries.

There were three OECD countries where the personal income tax rate for a middle-wage married worker with two children was negative in 2023 such as Poland (-1.1%), the Czech Republic (-6.4%) and the Republic Slovak (-14.1%). This shows that families at the end of the year not only did not pay tax on the salary, but were credited for their expenses.

Similarly, single parents with two children earning 67% of the average wage showed a negative tax burden in eight countries: Austria, the Czech Republic, Germany, Israel, Poland, the Slovak Republic, Spain and the United States. In three other countries – Chile, Colombia and Costa Rica.

In Albania, salaries under 50,000 ALL per month are exempt from taxation. Then the tax is progressive from 13 percent to 23 percent on high salaries of 200,000 ALL per month.

To ease family costs and help raise children, developed countries apply pro-family facilitation policies starting from payroll taxes and other incentives provided by other budget instruments such as lower rates on insurance and compensation and refunds on many public services.

 

 


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