Finance Ministry Clears Customs Tax on Some Products

Also reportedly, it is also reviewing personal income tax legislation, transportation revenue, VAT Law and the Law of Administration and Tax Procedure.

By reviewing the legislation, the Ministry of Finance will help develop the private sector, in this case the production sector to have greater opportunities to develop productivity and provide services not only within our country but abroad.

“Ven to note that very positive results have been achieved through customs tax release decisions, and excises. Now we will continue with the greater legal reform in our country with the value-added Law, where in addition to the release of the first subject produced in our country, from the tax of added value will be carried to the collection of the State Value Tax from the internal border, this reform will be a huge aid to business for reasons that in the future businesses will not be obliged to pay a default to collect the State Value on the border without selling the goods, but will pay in the country's interior after a regular period of (4)x>, the communique is said.

This reform enables businesses to have greater liquidity, the business will have the opportunity to invest more in expanding business and will be spared from the various bank loans and interests they have been obliged to receive to pay for the State Value Tax at the border.

Kosovo leads to this major and bold reform in Rajon, but the minister of finance is committed to making reforms that help the private sector and that fight democracy and informality with the sole goal of Kosovo being attractive to domestic and foreign investors.

“In this case, the minister of finance invites the entire business community and all individual businesses that have so far helped us continue to help us with demands and advice so that we can help them through the challenges that business faces during the daily business effort, concludes the communiqué.