The government head said that the initiative is designed to provide relief to entrepreneurs, sparing them of inspections by tax administration.

“I would like to inform you that a meeting with business is scheduled to take place in the next few days and everyone is invited to learn more about the planed fiscal peace. We have a plan that I have already mentioned recently given business interest. It is a mechanism used fiscal peace with business, an instrument known since ancient Rome, which implies an agreement between the government and business community about tax contribution. we will propose to business, as early as June, a negotiated fiscal peace agreement for a 2-year period, with 15% of the tax being paid on the profit in line with the economic growth rate, while paying only a 5% tax rate for any additional profit that the business will declare above that rate. The negotiated fiscal peace also implies the end of any kind of inspection of the business,” PM Rama said.

The government head underlined that under the agreement, businesses will be provided the opportunity to declare income they have failed to declare previously without facing any penalties.

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