In Italy since the 1 January of this year the law concerning electronic invoicing for private companies came into force.
Italian companies, subject to value added tax (VAT), must generate their invoices in digital XML format, through the interchange system (SDI) of the revenue agency. This new system has reduced the chances for companies working in Italy not to pay taxes, indirectly increasing the tax burden.
The Italian revenue agency, in fact, has announced that only in the first two months of this year have been discovered evasions for a total of approximately 668 million euros.
An indirect advantage for Albania
Albania could benefit from this situation. Following the entry into force of the new law on electronic invoicing, more and more Italian companies are looking towards the Country of Eagles to invest above all in the textile and footwear sectors, but also in that of call centers.
This phenomenon - as reported by the Albanian Albanian business magazine Monitor - took hold about 4-5 months ago and was mainly caused by this strengthening of the tax regime, not only in Italy but also in other EU countries such as Bulgaria and Romania .
In fact, even in the latter, the labor cost reached about 70-80% of the Italian one, making it impossible for some companies to continue operating in these countries.
The Italian companies that are moving to Albania are 'settled' mainly in the outskirts of Tirana. Experts predict that these companies will also be able to get 200 employees each in the near future.
However, many advise these companies to move to the smaller cities of Albania because even in Tirana and Durazzo, today, there is more difficulty in finding workforce.
According to Instat data, at the end of the 2017, foreign companies in Albania were about 6300. Italy and Greece are the most present countries, forming together about the 54% of total foreign companies.
Eurostat: the minimum wage in Albania is the lowest in Europe
According to data published at the beginning by Eurostat, Albanian workers had a minimum monthly salary of 210 euros in the 2018, the lowest in Europe.
Despite the gradual increases year after year (the 1 January of this year was brought to 26.000 lek - 210 euro), the Country of the Eagles continues to remain last in this ranking and, above all, last even in the Balkans. In Serbia, for example, the minimum monthly salary is 308 euros.
For Macedonia and Montenegro, on the other hand, official Eurostat data are missing; however, according to the labor ministries of the two countries, the minimum monthly wage is higher than the Albanian one (about 282 euros for Macedonia, around 288 for Montenegro).
In Albania it is mainly the textile and footwear industries (which work mainly for the Italian market) to offer these minimum salaries for their workers, which represent the main competitive advantage for companies in Albania.
Indeed, increasing these wages would be almost impossible, as many companies would consequently lose their foreign partners.