New Study Proposes Targeted VAT Cut on Basic Goods to Ease Prices in Albania

• A new economic study proposes temporarily reducing VAT from 20% to 10-15% on a narrow list of basic goods (food and household energy) in Albania.
• The measure aims to provide social relief and stabilize prices.
• The study uses INSTAT (2024) data on household spending, with a tax base of 844.8 billion lek.
• It evaluates the fiscal, economic, and social effects of a controlled VAT reduction, focusing on impacts on the budget, prices, and household consumption.

Source: altax.al

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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