Official sources from the Ministry of Finances say the government is compiling the new fiscal package to be applied in 2016 and based on current discussions there will not be changes in the tax prices. The government is working on making methodological changes which do not foresee an increase of any tax.
This was confirmed lately by the Minister of Finances Shkelqim Cani which declared that the government and the IMF in Albania have agreed to not increase taxes, although the IMF had requested to increase taxes.
On the contrary, the upcoming fiscal package foresees a reduction of taxes in the tourism and handicraft sectors. The new law on tourism foresees that VAT for the tourism sector will decrease to 10%, although this is not the final decision in this regard.
The Minister of Economic Development and Tourism, Arben Ahmetaj declared during the presentation of the new law on tourism that the government will apply the same tax scheme for subjects in the tourism sector as in the garment industry, in order to encourage these subjects to invest more and improve their performance.
According to the new law on tourism, the government will set a fixed hotel sleeping tax of ALL 100 for accommodating subjects, which will have 18 months of time in disposal to apply for the classification of their subject based on their performance level and accommodating conditions. The new law also foresees that the government will provide soft loans for subjects that want to increase investments in the tourism sector.
News source: ATA
Photo credits: Michael Jurick