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Rritja e tatimit mbi dividendin nga 8% në 15% si efekt kaskadë

Reported by Ekofin 213 points Why this story ranks here

What happened

Compiled from the sources

Ndryshimi i normës së tatimit mbi dividendin nga 8% në 15% nuk duhet parë thjesht si një rritje e barrës tatimore për pronarët.

In the story's original language

An excerpt from Ekofin

Nga Julian Saraçi Ndryshimi i normës së tatimit mbi dividendin nga 8% në 15% nuk duhet parë thjesht si një rritje e barrës tatimore për pronarët. Ai ndikon direkt në koston e kapitalit, në vendimet për shpërndarjen ose riinvestimin e fitimit dhe, në një perspektivë më të gjerë, në konkurrueshmërinë e mjedisit të biznesit në Shqipëri. Për një fitim prej 100 lekësh, me normë të tatimit korporativ 15%, rezultati është që barra totale tatimore rritet me 5,95 pikë përqindjeje, ndërsa tatimi mbi dividendin rritet me 87,5% nga 21.8 lekë në 27.75 lekë. Efekti nuk përfundon te ortaku/aksionari. Ai mund të transmetohet në disa nivele të aktivitetit ekonomik si ulje e kthimit neto nga kapitali, reduktim i stimujve për riinvestimin e fitimeve, kufizim i burimeve të brendshme për financimin e zgjerimit, shtyrje e investimeve dhe e planeve të punësimit, presion potencial mbi produktivitetin, pagat dhe çmimet. Këto pasoja nuk janë automatike për çdo biznes, por përfaqësojnë reagime të mundshme ndaj…

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