Business debt

Business debt

6.7 billion lekë worth of debt has been collected by the General Directorate Of Taxation in the first four months of this year.

According to the data of the General Directorate of Taxation, the businesses have been notified earlier and the receivables have increased by 10% when compared to the same period of the previous year.

The increase is also attributed to the forced collection techniques used to recover the debts in the year 2019.

During January-April 2019, 7.6 billion lekë in tax debt was collected, compared to the same period of 2018 when 5.4 billion lekë was collected.

To improve the situation, the Tax Administration increased the level of information provided to taxpayers through various channels of communication, such as regarding deadlines, repayment methods and awareness of austerity measures.

From the data, it resulted that, during April, 39% more unpaid liabilities were collected.

In figures, April 2019 saw a value of 2.6 billion lekë recovered.

In 2018, the total debt that businesses owed to the Tax Administration reached the value of 107 billion lekë.

According to the Monetary Fund, the collection of tax liabilities remains a problem for the fact that most of the businesses now hold a passive status.



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