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IMF urges Albania to reform its tax regime
The latest Article IV report: taxation system "inefficient"
09 March, 09:44
(ANSA) - TRIESTE - The International Monetary Fund (IMF)
urges Albania to reform its tax regime, according to Tax News.
The IMF said in its latest Article IV consultation for the country that the Albanian authorities must secure parliamentary approval to bring about the necessary improvements to the country's tax system. The report defines Albanian tax administration as "inefficient" and the development of a new property tax system has been delayed until now. The report notes that tax revenues, particularly value-added tax revenues, have been impacted by lower-than-expected oil prices and consumption and by inflation. (ANSA).
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The IMF said in its latest Article IV consultation for the country that the Albanian authorities must secure parliamentary approval to bring about the necessary improvements to the country's tax system. The report defines Albanian tax administration as "inefficient" and the development of a new property tax system has been delayed until now. The report notes that tax revenues, particularly value-added tax revenues, have been impacted by lower-than-expected oil prices and consumption and by inflation. (ANSA).
