Minister Ahmetaj claims that VAT on small businesses will not affect prices
The introduction of small business into the VAT payment scheme will not affect the price increase, since they are set by the market, while this process will structure control over large businesses in order to avoid tax evasion.
Thus said Minister of Finance and Economy, Arben Ahmetaj during a meeting with small business representatives.
“The aim is not to set a procedure but to not allow the big business not to report revenue. There will be no increase in prices, there is no impact from VAT, but they are set by the market. In fair competition, prices reflect all costs whether administrative or fiscal. The charge coming from the VAT will be minimal. Prices have followed their normal increase and decrease with inflation varying from 1.5 to 2 percent. We are in front of a procedure that has always happened,” Ahmetaj said.
The finance minister also spoke about the third phase of anti-informal action, stating that the logic for extending VAT is an anti-informality logic.
“We have announced the third stage of the fight against informality. The first logic to extend VAT is a logic of anti-informality. You ask for simple and quick services from the government, the state budget needs to get what belongs to the state budget. We are reducing informality, as it constitutes inequality and injustice. That is why we have this procedural instrument, it is not a new tax, it does not affect the prices and it does not burden the small entrepreneurs.”
The minister spoke once again about avoiding multiple business documents, and mentioned the categories that will be excluded from the VAT scheme.
Ahmetaj stated in front of business representatives that the tax on profit will remain unchanged.
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