Production businesses in Kosovo free from customs tax, excise tax

A series of fiscal reforms in the State Value Tax will then be taken through the Law, which is in the Kosovo Parliament, will be released from the Kosovo State Value Tax, the first subject produced in our country for producers, will be simplified on the return of the State Value Tax and what is the most essential that happens for the first time in our countries, the start of the TV collection. The US from the border to import inside of the country.

Finance Minister Bedri Hamza has said that the bearer of economic development in Kosovo should be the private sector, and on the basis of this principle Friday, April 26th, 2019, in the Government of the Republic of Kosovo Hamza, has continued with the demand for release from customs tax for animals imported to our country.

“During our reviews at the Ministry of Finance, we have found that even in the agriculture sector respectively, the importation of animals must be released from customs tax in order to enable all citizens and farmers to have as much cost as possible to import animals in our country in order to expand their production capacities”, it is written in the sent communique.

Hamza has been informing the Government that in addition to releasing the customs tax of animals for certain categories that allow the Standard Value Tax in power, he will make a decision to lower the Value Tax 18 %s today at the low 8 %, still with the sole goal of helping our citizens and farmers import animals into our country at the lowest cost.

“Hoza stressed once again that there will be no increase in existing taxes and there will be no new taxes for citizens and businesses in Kosovo, but there will be releases and simplification of procedures”, the communique concludes.