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TIRANA, April.3 – Some important changes have been made in the tax management policies concerning Value Added Tax (VAT). Rent and gold have been excluded form VAT requirements, in respect to the Stabilization and Association Agreement according to which Albanian law should be harmonized with European standards.
Some of the changes seem to have hurt local producers though. The exclusion from VAT to importers of primary material in the industry of diaries, olive oil, winery and wheat will give them an incentive to avoid buying from domestic providers.
The Albanian Agribusiness Association has reacted fiercely against the decision which hurts some sectors of the agriculture in the country.
