TIRANA, April 14 /ATA/- The representatives of the small businesses with over 2 million ALL annual turnover, included for the first time in the VAT declaration scheme, will need only 10-15 minutes to send electronically the VAT declaration once in three months, the economic expert as well as deputy of the Socialist Party, Milva Ekonomi stated.
“In July this year there will be added a new VAT declaration which must be submitted electronically once in three months. The new VAT declaration cost taking 10-15 minutes to be send should not be high,” Ekonomi said.
“Small taxpayers have been legally obliged to keep their sales records which will serve to complete the VAT declaration. In terms of record keeping, there will be no additional burden for small businesses, “Economi said.
“By reducing the threshold to 2 million ALL, the majority of the businesses that will be included in the VAT scheme will be the retail entities. These entities pay for the purchase of goods and are entitled to reimbursement of VAT,” Ekonomi said.
While , small businesses in the handicrafts and services sector , that do not have goods purchases will remain outside the VAT scheme,” the economic expert as well as deputy of the Socialist Party, Milva Ekonomi added. /a.gjonaj//e.caushi// a.i/
