The new fiscal package, discussions begin on changes to taxation for 2019

The new fiscal package, discussions begin on changes to taxation for 2019

Discussions on changes in the new 2019 fiscal package are expected to be finalized within a few days.


Currently, interest groups have been sent a list of laws that will be affected but without giving concrete details of the level of tax change.


Some of the revisions proposed are the reduction of the dividend for large companies, the revision of the salary for over 130.000 lekë, the abolition of VAT for agricultural machinery and the reduction of VAT on electric buses.


In the list that the Finance Ministry has issued, it is also proposed to change the scheme of taxation of plastic packaging, switching from the taxation of plastic packaging to the taxation of plastic materials, reducing the existing rate by two thirds.


Adjustments are also foreseen in the Mining Scheme for the Chromium Industry, with the aim of promoting domestic processing of minerals by increasing its value for export.


Despite these proposals, businesses have also made other proposals requiring revision of some taxes.

EMISIONET