FISCAL BURDEN AND BUSINESS OPPORTUNITIES

Edvin Xhango
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Edvin Xhango: European University of Tirana, Albania

Sociology and Social Work Review, 2017, vol. 1, issue 2, 46-55

Abstract: The business in Albania is surviving thanks to the evasion and monetary contribution of local entrepreneurial. In the early years of regular daily economic system, due to lack of big market for a long time consumer demand it was great but the offer was quite limited and not qualitative, so the profits of merchants were quite large. Also in this period and fiscal management, it was in his beginning. However, things have changed and now in Albania are very high quality international firms and local entrepreneurs through two or three are subsidiaries. Development of business but especially the garment trade is becoming even more difficult. For that, we have analyzed statistically, the financial statements of some important business activity of known European brands as well as two subsidiaries of foreign companies. The analysis concluded that in the case of “mother” companies cost of goods sold is lower than the companies that are resellers. This also worsens the result of interest expense of bank loans that have Albanian entrepreneur, what brings a non-profit business. In conclusion we can say that before we settle the obligations on businesses we should see how much profit are to be able to meet these obligations, as is the obligation of VAT.

Keywords: goods; VAT; tax; EBIT; turnover; luiquidity; economy; indicator. (search for similar items in EconPapers)
JEL-codes: H30 H32 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:edr:sswrgl:v:1:y:2017:i:2:p:46-55

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