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Albanian Minister of Economy, “No price increase, no cost for entrepreneurship”

in ECONOMY/EUROPE by

Minister of Finance and Economy, Arben Ahmetaj said today that the inclusion in the VAT filing scheme for business running over 2 million Lek a year is not a new tax. During a media interview with the media in the process of informing small businesses included in the VAT filing scheme, Ahmetaj emphasized that by the end of December 2018 there will be no penalties for those businesses who have erroneously fulfilled the VAT declaration agency.

The Minister said that surveys were conducted all over Albania and the cost for business has been modest since the application of this scheme, so price increases are unjustified. He announced that there are 9900 small enterprises included in the declaration scheme, while 60 thousand businesses that make $ 2 million a year do not have the obligation to declare VAT.

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