Kosovo customs increases revenues within a year

Kosovo customs increases revenues within a year

For six months (January-June) the total inflow of Kosovo Customs totaled about 504.3m euros, which compared to the same period last year represents an increase of 3.5 per cent or about 17m euros more. Import-income impact on this [...]

The impact on import revenues for this period has had the effect of the SAA and fiscal packets referring to producers, where it should be stressed that the impact on access to SAA over this period is about 21m euros, or about 46.3 per cent more than the same period of last year, while the impact on customs revenues from the fiscal package that refers to tax release for producers over the reporting period is about 29.6 million.

Also, the impact on the import of used cars that notes a severe decline compared to last year, where we have 5,335 fewer cars, and this has contributed to a decline in revenues of 8.6m euros less. The total amount of negative impact in revenues from these categories over this period is close to 60 million, or expressed to percentage about 12 per cent of the total revenues collected by Kosovo Customs for this six months.

Despite fiscal policies that favour releases and tax cuts in certain categories, such as stimulating economic development, as well as those stemming from the Stabilisation and Association Agreement, which this year is expected to have more impact on planned revenues, yet Kosovo Customs is continuing with very good performance in the collection of revenues, fighting the informal economy, smuggling and other areas that Dogana is responsible for, but also when we assess that these effects on fiscal policies and the MSA will have its most positive effect on the country's economic development and local production.

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