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Government Proposes 10% VAT Compensation Rate to Boost Farmers’ Income and Sector Formalization

  • Government proposes a 10% VAT compensation rate for agricultural producers, up from zero.
  • Compensation is based on total agricultural sales over six months and paid within 30 days of request.
  • Restaurants are excluded from the scheme to prevent abuse and fictitious transactions.
  • The measure aims to provide direct fiscal support to farmers and improve supply chain liquidity.
  • Long-term goals include increased formalization of the agricultural sector, but timely reimbursements are crucial for success.

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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