Two government tax release decisions have entered into force on January 1st.

The main decision envisions all producers being released from paying customs and VAT, for the first subject half the products, as well as other products they put into operation their production.

That's what they said about Kosovo Preress, representatives from the customs and Kosovo Tax Administration (ATK).

Nat Sharcu from ATK has said these two decisions force the Tax Administration and Dogan to make all preparations so that on January 1st these decisions can come into force.

The tax administration has made all preparations in co-operation with customs, and on January 1st all businesses are exploiting these rights that belong to these two government decisions.

“Sic you are announced the Government of Kosovo, in the continuation of business support, has made two decisions at the end of 2017. The decision 13-14/7, which concerns the release of raw materials and information technology equipment from customs and excises. These two decisions obliged the Tax Administration and Customs to make all preparations as of January 1st, these decisions come into force. The tax administration has made all preparations in co-operation with customs, and on January 1st all businesses are exploiting these rights that belong to these two decisions of the Government“, Sharku said.

He has added that these decisions stimulate local producers.

The “mainly these two decisions concern stimulating local producers and all those investors who produce in Kosovo and dealing with the first subject that entered the production process and these raw materials based on the legal basis Kosovo has so far paid and excised, while on January 1st they will not pay customs for raw materials and will also not pay excise for all the energy resources they use in the process of production. These two decisions of the Government directly aim to help production within Kosovo “, Sharku said.

According to him, in the past producers have paid 10 per cent of the customs and the excise part, depending on the product they imported or depending on the first item they used.

Sharp explained that previously based on VAT law all producers have been released into import for the TV part S. and they will continue with these two decisions to exploit the right they had before 2018.

He also said other reforms are being presented, which during 2018, the finance minister will include within legislation that is part of the 2 fiscal package.

Where are the share of corporate tax laws related to personal income taxes and corporate income tax, part of TV law The U.S. and the money to meet the customs code as well. All of this in the function of economic development and business support function to facilitate doing business in Kosovo “, Sharku said.

Kosovo Customs, according to Adriatic spokesman Stavileci, has also begun with the implementation of two decisions, which the prime minister's office has issued, respectively.

The “These two decisions are in favour of business, respectively, by local producers, as they offer a wide range of facilities for their products to burst as easily and at lower cost as possible. The main decision envisions all producers being released from paying customs and VAT, for the first subject half the products, other products they put into operation their production. For this reason, but as a procedure, a authorization should be obtained first in ATK, which the designated company is a producer. But that authorisation normally frees him from the VAT tax, they did the VAT extension respectively, and until it can be applied again for the postponement of the customs tax”, Stavileci said.

Stavileci said that 140 production companies have already benefited and that number is expected to increase in the future.

“Based on the information we've had from the TV atonement The amount that was in the past fiscal package. The number has reached 140 companies, but we expect that in the future for reasons that they now have much more release and much more opportunities. One of the other possibilities that this decision has given you is that all machines, manufacturing equipment, are tax free, and they can be introduced through such authorizations. We expect this number to continue to grow, which is very positive for the Kosovo economy“, Stavileci said.

He said that with these decisions, customs taxes for raw materials, half products, production and IT equipment, which are used by production companies, will be lifted.