New income tax law includes deduction for child expenses

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The Minister of Economy, Delina Ibrahimaj, invited to “A2 Business” with Aurora Sulce, revealed that the new rule on income disclosure will include deduct child-related expenses.

“The law requires the recognition of previously unknown child-related expenditures for fiscal purposes. For the purpose of reducing the taxable base for both salaries and natural persons, we have accounted for the recognition of expenses for each kid.

The family will recognize the expenses of the head of household or the family member with the highest income. These will be reported by the employer, the minister stated.