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VAT refund estimated at ALL 7.2 billion in January-June 2020

TIRANA, July 21/ATA/- In January-June 2020, the VAT refund is estimated at ALL 7.2 billion.

According to the official data published by the Albania’s Ministry of Finance and Economy, in January-June 2020, the gross VAT collected from taxes and customs is estimated at ALL 65.4 billion.

In 2020, revenues from Value Added Tax are projected to reach ALL 130.7 billion.

At the end of 2019, a zero VAT rate has been applied to the taxpayers under FIFO method reimbursing 23.5 billion ALL. //a.i/

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