TIRANA, Aug 19 /ATA/ Revenues in Value Added Tax collections have increased during the 7-month period 2021.
According to data published by Minister of Finance and Economy (MFE), Anila Denaj, revenues in Value Added Tax (VAT) collections amounted to ALL 83.9 billion, or 20% more than the first 7 months of 2020.
According to her, the sectors with the largest contribution compared to the 7 months of 2020 are trade, construction and manufacturing sector.
Value Added Tax (VAT) is a general tax on the consumption of goods and services. Value Added Tax applies to all supplies of goods and services, made against payment, within the territory of the Republic of Albania, by a taxable person, as well as to all imports of goods in the territory of the Republic of Albania. /j.p/sm/
