16.5 C
Tirana
30-10-26
Home Economy

Foreign Investors Association urges government to re-evaluate draft measures outlined in 2027 Fiscal Package

TIRANA, October 30 /ATSH/ – The Foreign Investors Association of Albania (FIAA) has responded to the measures proposed in the 2027 Fiscal Package, calling for genuine consultation with the business sector and clear analyses regarding the economic impact of the proposed tax increases.

In a statement published on FIAA’s official website, it is read that significant changes to the tax framework must be based on sound economic analysis, meaningful consultations with the business community and sufficient time for businesses to assess the implications and prepare accordingly.

FIAA stressed that, “Fiscal policy plays a critical role in investment decisions, business competitiveness and long-term planning. For foreign investors, stability, transparency and predictability within the fiscal and regulatory framework are essential conditions for sustainable investment. Sudden changes to tax rates and legislation can affect investment decisions, increase business uncertainty and undermine confidence in the country’s long-term economic outlook.” “At a time when Albania is seeking to strengthen its competitiveness, attract sustainable foreign investment and advance its European integration, fiscal policy should support these objectives by providing businesses with a clear, stable and predictable framework for operations and investment. Therefore, FIAA calls upon the government to reconsider the proposed measures and engage in a meaningful dialogue with the business community. Any significant fiscal change must be supported by comprehensive impact assessments, transparent consultations and appropriate transition periods,” stated FIAA’s response. /p.s./

 

Previous articleWork begins on rebuilding earthquake-damaged ‘Ramazan Karaj’ high school in Nikël
Next articleMalaj: Budget allocates about 1.35 billion lekë for pension indexation and extends monthly baby bonus until children reach age 5