CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. IMF Welcomes Albania's Tax Reforms

IMF Welcomes Albania's Tax Reforms

by Mary Swire, Tax-News.com, Hong Kong

14 June 2016


The International Monetary Fund (IMF) has welcomed Albania's plans to achieve fiscal consolidation through tax increases, and urged the Government to see through its fiscal reforms.

In its latest review of Albanian policies, the IMF praised the Government on its efforts to tackle tax evasion and reduce the size of the informal economy. However, the Fund urged the Government to accelerate certain tax reforms, including the implementation of a value-based property tax.

The IMF also called on Albania to broaden its tax base, limit tax exemptions, and strengthen revenue administration.

However, the IMF said that it "supported the authorities' plans to focus fiscal adjustment efforts on the revenue side, given the relatively low level of public spending."

"Directors emphasized the need for persistence in implementing structural fiscal reforms to reduce fiscal risks," it added.

TAGS: tax | property tax | International Monetary Fund (IMF) | Albania | tax reform

To see today's news, click here.

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 











Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »