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Agriculture cooperative societies exempted from VAT

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TIRANA, Feb 14 /ATA/- Apart from small farmers, as of next week the agricultural cooperative societies will be exempted from Value Added Tax (VAT) as well.

Minister of Agriculture, Niko Peleshi, during a meeting with students of Tirana’s Agricultural University which was attended PM Edi Rama said that 89% of farmers have less than 2 ha of land.
The farmers cannot get rich with such a small surface area, albeit they have plenty of opportunities such as cooperation between them, Peleshi said.
“We have seen excellent examples of farmers joining their forces behind bigger enterprises. As of next week the agricultural cooperative societies will be exempted from VAT. The last impediment to cooperation among farmers will be removed,” Peleshi said.

According to him, cooperation is associated with greater opportunities to receive funding through national support schemes. “National schemes disburse 25-50% more financing for cooperation.

Peleshi went on outlining the farming support schemes

The national scheme has gone up to EUR 20 mln, while IPARD, the new EU program launched this year has gone to EUR 94 mln. Young farmers up to the age of 35 years through new support schemes will benefit 25% more in grants while support for small agricultural businesses goes up to EUR 5 thousand.
Orientation towards BIO products, setup of chains for typical products as well as better marketing of agricultural produce were other issues brought up by minister Peleshi.
According to minister Peleshi, in 2017 agricultural exports increased by 20% compared to 2016, while exports of vegetables rose by 33%./a.gjonaj/ /a.g/sm/

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