TIRANA, July 2 / ATA /- The Albanian government has submitted for approval the draft law on some amendments to the Law on Value Added Tax, VAT aiming at developing tourism, as well as the local production and marketing in rural areas.
Tourism is seen as an untapped potential for the development of the economic growth and the significant improvement of social conditions in the rural areas of Albania.
The initiative aimed at promoting the creation and growth of the tourism business, expected to provide accommodation, food, recreation, entertainment and various activities related to the farm or the agricultural unit.
The draft law provides for the application of the reduction of the rate to 6% of the value added tax of 20%, which is the standard rate for the provision of accommodation, restaurant, with the exception of the supply of beverages.
Meanwhile, Prime Minister Edi Rama has called on immigrants to invest in the government project, part of the Integrated Rural Development Program “100 villages”. //a.i/
