TikTok and other social networks, in addition to entertainment, also serve as a source of income. Even in Albania, this trend is always growing and influencing has become a profession and a full-time job, so if you are a person who earns money from social networks, you should read this article.
The Ministry of Finance has prepared a draft law that taxes people who earn money through social networks at the rate of 15%. Starting in 2024, this tax comes into effect.
According to Euronews, the plan to identify individuals who are paid by social networks relies on payments that companies make to these individuals through bank accounts.
At the moment, there is no exact figure that identifies the people who earn money from social networks, but it is said that their profits are fat.
The 15% tax on this income is intended to be withheld, but even if they escape the first tax sieve, these individuals are obliged to make the payment of the obligation in the annual income statement.
