TIRANA, Oct 27 /ATA/ Minister of Finance and Economy, Ervin Mete, in a media statement after the government meeting, which adopted the 2024 budget, announced that even in 2024, VAT will remain unchanged, meanwhile a ceiling of 1.5 % in excise indexation has been proposed.
In his remarks, Mete said that the 2024 draft budget sets a new planning level for public expenditures exceeding 7 billion euros.
“The draft budget supports further economic development, promotion of employment and social protection, aiming at macroeconomic and fiscal balances,” said Mete.
“As for the fiscal package, also due to your interest, I inform you that VAT will remain unchangd in the education sector and financial services, and we have discussed this with the IMF, with which we have agreed to review the Medium-Term Strategy of Revenue Collection, with a focus mainly on improving fiscal administration,” Minister Mete continued.
“Regarding the excise tax, even though the law provides for the indexation of the excise rate, based on the cumulative level of inflation every two years, in our estimation, based on the unusual level of inflation in the past two years, this rate laid down in the law must change. Therefore, we propose setting an indexation ceiling of 1.5% every two years”, said Mete.
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