TIRANA, Sept 23 /ATA/ -Albania projects to increase tax revenue collections by 2.5% of the country’s GDP in the next four years, the Ministry of Finance said in its 2024-2027 Medium-Term Revenue Strategy.
The strategy outlines detailed reforms and tax policies, well management of tax and custom to deliver on a 2.5% increase in tax revenue collections as a share of the GDP in the coming four years.
The key tax and administrative reforms included in the Medium-Term Revenue Strategy have been drafted through assistance of the International Monetary Fund, based on the European Union directives, taxation policies and customs management.
According to the Strategy, the tax revenue collections will be generated by the increase in revenues from fiscal policies by about 0.33% of GDP, the increase in revenues from good tax administration, with 1.96% of GDP and increased revenue from good customs administration, with 0.17% of GDP.
The strategy proposes a revision of the taxation and tax policies on consumption, as well as property tax rates.
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