SALARIES AND PENSIONS INCREASE! Fines and obligations before 2015 are waived! Small businesses have no debts, property taxes based on value

Within the next year, the minimum wage will rise to 500 euros, while the lowest pensions will reach 200 euros per month. These figures are outlined in the government’s program, which also foresees the forgiveness of business obligations created more than 10 years ago. Property taxes will be adjusted based on the real value of the assets.

The increase in wages and pensions, which will undergo reforms, will be a priority for the new government until 2029.

According to the document, within four years, the minimum pension will reach 200 euros as part of the social protection package, while average pensions will reach 400 euros.

Additionally, the reform in this area foresees that pensions will cover around 40% of the income earned during working years.

Regarding wages, within the next year, the minimum wage will rise to 500 euros, with 18 months free of any additional taxes for low-income employees. Average incomes are expected to reach 1,000 euros by 2030, and 1,200 euros in the public sector.

Changes will also affect businesses, starting with the removal of reference prices, which could translate into cheaper products.

Entrepreneurs will benefit from social stability measures aimed at encouraging regular reporting and forgiving tax obligations older than 10 years. For debts from the last decade, repayment will be required at reduced rates.

Within four years, taxes for small businesses will be zero, but adjustments will apply to property taxes. Obligations will be calculated based on the real value of real estate.

State-guaranteed loans totaling 2 billion euros will continue to be provided to businesses. The VAT scheme for farmers will change, with 1.5 billion lek allocated directly to them. Additionally, the Mountain Package is expected to continue.

“KORÇA BOOM”