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The President of the Republic, Ilir Meta on Thursday returned for review the amendments to the law on value added tax.
In his reasoning, the head of state explains that “the differentiated fiscal treatment applied by this law, essentially violates the principles and fundamental constitutional rights.”
According to him, this law favors through VAT exemption entities operating in the field of recreational tourism, water sports, etc., but which penalizes the agricultural sector, removing compensation for producers and has determined a reduced rate of 10% supply of agricultural inputs .
“This means that these entities that operate in the sale and trading of vessels remain favored, while specific sectors of the economy with the most need, are differentiated and kept in differentiated fiscal pressure and disproportionate to the need dictated by the support of their“, Announces the Presidency.
The President argues that with the proposed changes in this law, with the removal or differentiation of VAT exemptions, the principle of equality of fiscal burden between sectors of the economy has been violated, because the removal of exemptions for the agricultural sector has been seen as a priority. investment, versus leaving exceptions for other sectors.
In the reasoning of not enacting the law, Meta underlines that the law as a whole “had an antisocial financial plan” as “there was a lack of necessary budget support for those in need of treatment for Covid-19 infection, who are treated at home and outside the hospital system.” .
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