Government’s failure to reimburse VAT, a huge burden for businesses

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VAT reimbursement for businesses, although a legal obligation, has been deliberately delayed by the government to compensate budget revenues. Accountant expert Bujar Bendo says this is a known practice by now.

“It is a known practice that comes up time after time. We are not dealing with legal obstacles, but bureaucracies and lack of revenues for the state budget. It was something that could be done without any cost”, Bendo declared.

All these delays and postponements, according to Bendo, create an incalculable cost for businesses. This becomes a burden especially in this time of crisis.

Failure to reimburse VAT on time creates numerous issues especially for exporting companies, such as clothing manufacturers, who need liquidity to cope with the high cost of labor, ordering raw materials and respecting contracts with foreign partners.