Business liabilities to tax administration decrease by 35%, from ALL 147b to 95b

The business community in Albania has always complained about relations with the fiscal administration, mainly for fines and not being repaid VAT on time.

But the data of the General Directorate of Taxation show that the amount of debt that businesses owe to the tax administration along the years is high.

At the end of last year, it turns out that the amount of unpaid taxes from enterprises amounts to about ALL 95 billion, marking a decrease of 35% compared to the beginning of 2017.

According to sources from the General Directory of Taxation in January of 2017 more than ALL 147 billion are unpaid liabilities.

To reduce the level of liabilities that the business has to pay to the administration, a strategy has already been drafted.

According to the strategy, enterprises can enter into a tax agreement to pay installments of these debts.

This will enable an alleviation for businesses, as well as improve tax revenue from the state budget.

Last year saw a fiscal amnesty law applied, and this caused many accumulated liabilities over the years from entrepreneurship to be wiped out of system taxes.

SCAN

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