Arab Today, arab today albanian ministry rejects smi proposal to reduce income tax for tcf businesses
Last Updated : GMT 02:47:36
Arab Today, arab today
Arab Today, arab today

Albanian ministry rejects SMI proposal to reduce income tax for TCF businesses

Arab Today, arab today

Arab Today, arab today Albanian ministry rejects SMI proposal to reduce income tax for TCF businesses

Tirana - XINHUA

The Finance Ministry of Albania rejected on Friday the proposal of the Socialist Movement for Integration (SMI) to reduce the income tax for textile, clothing and footwear (TCF) businesses from 15 precent to 10 percent. At the meeting of the parliamentary Commission on Economy and Finances, SMI lawmaker Perparim Spahia asked the Finance Ministry to explain the impact on the budget of the income tax reduction for the TCF businesses. Deputy Finance Minister Ervin Mete, present at the meeting, said that with the application of the 15 percent tax the effect on the budget would be 1.9 billion leks (about 18.6 million U.S. dollars), whereas with the application of the 10 percent tax the effect would be 1.27 billion leks. Speaking on behalf of the SMI parliamentary group, Spahia said that they would insist on the proposal to reduce the income tax. However, Mete said the Finance Ministry would reconsider this request soon. The Chamber of Commerce and Industry considers as positive the proposal of the SMI to keep unchanged the tax on profit for garment and footwear industry at the level of 10 percent. During a meeting on annual analysis of performance, President of the Chamber of Commerce and Industry Nikolin Jaka stressed, "I express maximal appreciation for SMI's engagement regarding amendments to fiscal package for garment and footwear business considering it one of the most important sectors of the economy that needs care and support of government policies." "The Chamber of Commerce and Industry, positively evaluating the commitment of Albanian majority to pay debt to business, hopes it would also take into account the requests of entrepreneurship before vote of fiscal package in Parliament. We also have a signal of hope from the hearing on this package at the Parliamentary Committee of Economy," Jaka said. (1 U.S. dollar = 102 leks)

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today albanian ministry rejects smi proposal to reduce income tax for tcf businesses Arab Today, arab today albanian ministry rejects smi proposal to reduce income tax for tcf businesses

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday