Tax Director: New fiscalization process reduces tax evasion and increases VAT revenues

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Ibrahimaj declared that the new fiscalization process will reduce tax evasion and will increase VAT revenues.

“Of course it will be indirectly reflected on other aspects as well, but the main impact will be on the VAT. The different will be felt within 2-3 years, when the system starts operating properly. By receiving information in real-time we will be able to monitor businesses from the office and the approach of the tax directory will be informative”, Ibrahimaj declared.

“Fiscalization will help us identify businesses that don’t want to accept bills, so that they can declare a lower turnover. We are prepare to finalize the process properly. It is important to complete the reform. The businesses will not be penalized during the transitory period”, Ibrahimaj declared.