TIRANA, Nov.5/ATA/At the today’s meeting of the Parliamentary Committee on Economy and Finance it was discussed the draft law “On an addition and some amendments to the law” On value added tax “, as amended.
Deputy Minister of Economy and Finance, Vasilika Vjero said that, “the fiscal package 2022 aims at a greater mobilization of budget revenues. It is focused on two main pillars: the review of tax policies and the improvement of fiscal administration, which will increase budget revenues to ALL 5.2 billion.
Vjero announced that, “the proposed measure related to the law on Value Added Tax provides for an increase in the compensation rate of agricultural and livestock producers, from 6% to 0%”.
“The farmers will benefit from the change in the compensation rate through the self-billing scheme available for all collectors. While the revenues that we anticipate to receive from the abolition of compensation rate, will be in the amount of 750 million ALL per year,” she added.
Vjero added that, another measure is the VAT waiver for imports of machinery and equipment, which are imported and related to the investment which are equal to those larger ones worth more than 500 million. The revenues to be collected from this fiscal measure are expected to reach ALL 400 million. //a.i/
