At a meeting with tour operators in Durrës, Prime Minister Edi Rama promised a fiscal package that significantly lowered business taxes. 

As he introduced the measures for the tourist season, the Prime Minister promised a threefold reduction in profit tax for businesses earning up to 140 million lekë per year.

"Practically 91% of all businesses in Albania will see their profit tax rate reduced from 15% to just 5%," reiterated Edi Rama. 

The Prime Minister said it is also working on the ability to register business transactions online, declaring that, in this way, the removal of the fiscal cash register will be enabled.

"Real-time registration of transactions is a necessity and new technology gives us this opportunity. The new processes will help to facilitating the heavy load of accounting work and provide smoother business operations to companies," clarified Edi Rama. 

As he called on migrants and entrepreneurs to invest in agro-tourism, the Prime Minister promised further infrastructure investments.

"In regards to agro-tourism, we have decided to offer the same treatment as for 4 or 5 star hotels, reducing VAT to only 6%, leaving profit tax at 5%, as well as removing fees for construction permits and much more," added Edi Rama. 

There is still work to be done for the formalization of the tourism business, Rama said, but according to him many steps forward have been made in these recent years. 

He went on to add that this is attested to by the increased presence of tourists from Scandinavian countries.

He declared his government's ambition is for tax reductions and to increase investment in to achieve the goal of receiving 10 million tourists annually within the next 10 years. 

/Ora News.tv/