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Albania Urged To Introduce Property Tax

by Ulrika Lomas, Tax-News.com, Brussels

28 March 2016


Albania should focus on broadening the tax base, and on strengthening compliance and revenue administration, the International Monetary Fund (IMF) has said.

Measures to broaden the tax base should include the introduction of a value-based property tax by the end of 2017, it said.

The IMF also urged authorities to refrain from granting any further tax exemptions or preferential tax incentives, and to look to rescind existing ones.

The statement called for the timely implementation of the tax administration's corporate strategy, which includes a wholesale restructuring of the General Directorate of Taxes, as well as the adoption of modern compliance risk management tools.

TAGS: compliance | tax | economics | tax compliance | property tax | fiscal policy | International Monetary Fund (IMF) | Albania | tax reform | Tax

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