Fiscal Paco 2.0 a dead document lacks administrative guidelines (Video)

The second fiscal package approved long ago in the Government of Kosovo consists of the 22 measures list. Part of it has come into effect with the Government's decision, while, some 70-80 per cent of the fiscal package will be done with administrative guidelines still missing.

The part which cannot be implemented until the Kosovo Parliament is established is part of changing laws.

The chairman of the Kosovo Economic Ode, Safet Gerjaliu, changes to fiscal packages 1 and 2 have called it the most successful changes in this government.

He has added that the future of economic development in the country seems based on the private sector and the generation of new jobs in the private sector.

Ismet Mulaj, executive director at the Kosovo Afarism Oda (OAK), has praised as a successful achievement of the government but, according to him, remained a challenge to their optimism with administrative guidelines.

According to him, they have no information whether the Finance Ministry has begun to concreteise administrative guidelines that should be adopted in the future.

In time, incumbent Minister of Trade and Industry Hykmete Bajrami has said he is working on some administrative guidelines in order to start implementing new measures as soon as possible.

Bajrami added that some of the measures have entered into force on the day it was approved in Government.

According to her, legal changes needed for these measures remain for the new government.

Contrary to earlier statements by incumbent Finance Minister Avdullah Hoti, as the first and most important measure, is the release of customs tax for all products considered raw to the production process. This means releasing production costs to our producers about 10 per cent. The second is removing the excise rate in the mazut for production purposes, setting the production rates that companies use. Third is reduction from 18 per cent to 8 per cent of T VSH for cultural, artistic, sports, ecomotive tourists, recreation and fish processing in Kosovo.

The fourth is the Administration Guide for Tax Breaks to promote investments in Kosovo's strategic sectors, such as agriculture, tourism and other information technology.