The leaders of the American Chamber, including President Grant Van Cleve, Executive Director Neritan Mullaj, and the Chairwoman of the Tax and Customs Committee Alketa Uruçi, held a productive meeting with Deputy Minister of Finance Vasilika Vjero and Niko Lera, Director of Fiscal Policies. The primary focus of the meeting centered around the American Chamber’s recommendations for improving tax legislation.
Addressing the application of Value Added Tax (VAT) for foreign taxpayers in countries where VAT is not enforced, particularly concerning American individuals, the experts from the American Chamber submitted proposals for guidance changes to the Ministry of Finance in a formal letter. During the working group session, Deputy Finance Minister Ms. Vjero expressed both willingness and approval to implement the necessary adjustments within the first quarter of 2024.
Concerning the implementation of double taxation agreements, the Deputy Minister indicated a readiness to collaboratively find solutions with the Tax Administration.
Discussions also encompassed the tax reassessment procedure conducted by the tax office without prior notification to the involved parties regarding the reassessment draft. Deputy Minister Vjero stated a commitment to reviewing the reassessment procedures and proposed the establishment of a specific deadline for taxpayers to provide responses, clarifications, or arguments about the identified issues.
Addressing another vital concern raised by AmCham experts in response to their members’ worries, the Ministry of Finance representatives assured that efforts would be made to enhance post-registration business control procedures for the benefit of businesses.