Amendments to the New Fiscal Package
In the High Level Policy Dialogue on Business Climate and Investment Attractiveness held on 24 May 2016 at Tirana Business Park, Minister Ahmetaj informed that the only fiscal package that the Government has initiated is simplification of tax and customs procedures. One of the amendments of this new package deals with tax inspections, which are now to be notified by the tax administration at least 1 month prior to the actual inspection, while another amendment gives the right to the companies to auto-correct themselves without any penalty. Companies are invited to submit comments and suggestions regarding the new fiscal package until 20 June 2016.
Afterwards, these amendments will be reflected in the tax procedures which are expected to be subject of change within June 2016.