2 minutes agoVAT Change Initiative
Periskopi(8 years ago)
(8 years ago)The Ministry of Finance has taken the initiative in changing the Law for T The VSH, and this to be described as one of the biggest reforms in this sector, as for the first time the collection of revenue from VAT to customs points will be passed into the country's interior, KTV reports. Representatives of the business community are getting [...]
Representatives of the business community are seeing this as a major step in the economy, as, according to them, this will enable increased investments as well as job creation.
The meeting of the State Value Tax (TVSH) on customs points during importing goods is constantly seen as an obstacle to businesses.
This is because VAT collection at the border has seized the liquidity of imported companies and has been unable to circulate money before it can be poured into the state budget. To avoid these obstacles, change of the Law for TVS has also been initiated.
Finance Minister (MF) adviser Lulzim Rafuna said that with the change of this Law, TV collection The US will not be done during imports of goods, but will only happen after the product is cracked in the market.
Kosovo Tax Administration Director (ATK) Sakip Imer said additional training would be needed for officials of this institution to successfully manage VAT collection.
For the Executive Director of the American Ode of Kosovo (OEAK), Arrian Zeka, collecting VAT in the interior of the country means more liquidity and business investments, as well as more new jobs for citizens.
The government has initiated changing the State Value Tax Law, and if adopted, it is expected to take effect by January 1st next year.
