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E MARTË - 25-02-2014

NEW DRAFT LAW ON BAD DEBTS

Who can be “released” from the obligation to banks, with or without collateral and guarantees The Ministry of Finance proposal is also approved by the Ministry of Justice PAGE 6

Tahiri, the wrong target

Comment BY ALTIN KREKA Tahiri, the wrong target Saimir Tahiri has become the target of the PD in its opposition to the majority; a choice that does not prove so effective with the public. The Interior Minister has... On page 15
Altin Kreka Saimir Tahiri

“I would have killed Piro Bare with dynamite and gasoline”

Testimony before investigators. He reveals the orders and deals to eliminate the victims THE CONFESSION OF THE KILLER SINANAJ PAGE 12 Julian Sinanaj Piro Bare Julian Sinanaj; Piro Bare
Julian Sinanaj Piro Bare

Draft law In Law no. 8438, dated 28.12.1998, “On income tax”, as amended, the following change is made: Article 24 is amended as follows: Article 1 “Article 24 Bad debts “1. In determining taxable profit, bad debt is recognized as a deductible expense, provided that the following necessary conditions are met simultaneously: a) an amount corresponding to this debt has previously been included in income; b) the debt has been removed from the taxpayer’s accounting books; c) all possible legal actions have been undertaken to collect it. 2. In the case of banks, branches of foreign banks and non-bank financial entities licensed by the Bank of Albania to carry out lending activities, in determining taxable profit, the write-off of bad debt classified within the lending process is recognized as a deductible expense upon fulfillment of the following deadlines: a) 365 days after the filing of the request for the initiation of compulsory enforcement proceedings with the bailiff, if the loan is secured by immovable or movable property; b) 365 days after the court issues the enforcement order, if the loan is not guaranteed by immovable/movable property[?]. This law enters into force 15 days after publication in the “Official Gazette”
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