Meta Decrees The Law On Income Tax As Well As The Loan From The IMF

Meta Decrees The Law On Income Tax As Well As The Loan From The IMF

President Ilir Meta has decreed two majority laws, namely changes in the law on income tax and loan from the IMF.

For the first time, Meta says that this act has enabled the extension of the prepayment terms of the profit tax installments of 2020, supporting businesses in terms of liquidity management.

"These measures are considered necessary for the rehabilitation of the affected subjects as a result of the pandemic of COVID-19, especially of small businesses, with a turnover of less than 14 million ALL."

Meanwhile, regarding the law on loan approval of 139,300,000 SDRs that the International Monetary Fund grants to Albania through the Rapid Financing Instrument (RFI), the President underlines that this act comes as a measure of support from the International Monetary Fund, through an instrument of rapid financing, but in the face of the consequences that the pandemic of COVID has created in the economy.

EMISIONET