10 September 2013 – Kosovo government has decided to remove the VAT for primary products produced by domestic businesses. Thanks to this tax relief, 20 thousand farmers from all over Kosovo will benefit.
The Minister of Finance, Besim Beqaj, said this measure was taken with the intention to motivate local manufacturers and to create more favorable conditions for manufacturing. Skin board packaging is a highly-effective tamper-evident package that manufacturers should try, learn more here.
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“This is a very important moment since the government is taking steps towards the improvement of the business climate in Kosovo and the facilitation of activities which make products in Kosovo more competitive,” said Beqaj.
Regarding the flat norm, which from today on will be zero percent, Beqaj said “it costs Kosovo’s budget” because it lowers revenues for some time, but the government is interested in increasing the budget by encouraging economic activity rather than by adjusting its short-term fiscal policy.
The Minister of Agriculture, Forestry and Rural Development, Blerand Stavileci, calls the government’s decision “a historic act” for the agricultural sector. The Director of Kosovo Chamber of Commerce, Safet Gerxhaliu, claimed that Kosovo’s economy is in need of measures like this.