THE DEVELOPMENT AND SUPPORT OF LITTLE BUSINESSES BY LOCAL GOVERNMENT IN ALBANIA

Abstract

Abstract
In this article I would like to highlight this topics which I find very favorable:To be “ a small business” in Albanian legislation it means: To realize a yearly turnover up to 5 mln leke. so another condition is that they are not subject of VAT, therefore they are subject of income tax and profit tax of 10% fee. In Albania we apply flat tax on the incomes. They should register near QKR. They should be register as a physical person or a legal entity. Until the end of the January all the little businesses should be provided with fiscal boxes. Little businesses should have by the maximum 4 employees. They should all be register in the social insurance scheme and they all have an minimum wage of 190.000 leke. I want to emphasize that countries in transition or under development should promote and support the opening of small businesses. And the best way of doing that is to have a sustainable, effective and a simple to apply legislation. And this means a better cooperation between the central and the local government. According to law the percentage by which the local government plays is up to 30%, But this only in some local tax like: television, clearance, housing.etc.. As many little businesses the more will be the incomes of the local government. And at the end, In my theses I would mention all the latest development and discussions of the fiscal law in my country.I will be delighted to be a participant in this conference.