Businesses demand 5-year freeze to annual tax change practice

TIRANA, Oct. 2 – Business representatives have called on the Albanian government to consider a fiscal package that would remain unchanged for at least a mid-term period so that they can plan their investments more accurately. The current tax policy, changing almost on an annual basis, is rated as one of the top concerns for Albania’s foreign and local businesses, in addition to a high tax burden compared to regional competitors, widespread tax evasion, corruption and an inefficient judiciary. Albanian business representatives say the government needs to draft a tax package that would keep main taxes unchanged for at least…