Tax laws Kosovo
Kosovo's taxation system is designed to generate revenue for the government through various taxes, including indirect and direct taxes.
Revenue Composition:
Indirect Taxes (69% of revenue):
- Value Added Tax (VAT): Generated approximately €693.75 million, accounting for 56.5% of indirect tax revenue.
- Excise Tax: Contributed around €403.3 million, representing 32.9% of indirect tax revenue.
- Customs Duties: Provided about €130 million, making up 10.6% of indirect tax revenue.
Direct Taxes (13% of revenue):
- Personal Income Tax: Yielded approximately €124 million, which is 53.4% of direct tax revenue.
- Corporate Income Tax: Generated around €80.8 million, representing 34.8% of direct tax revenue.
- Property Tax: Contributed about €25.1 million, accounting for 10.8% of direct tax revenue.
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Recent Policy Initiatives:
The political party Vetëvendosje has advocated for a developmental state model, aiming to bolster Kosovo's economy through fiscal support for key sectors and protection of vital industries. Their platform includes implementing progressive taxation on income and sales, as well as revising profit taxes. Notably, their government has increased property taxes by reassessing residential property values in wealthier areas to broaden the tax base. Additionally, Vetëvendosje has established a sovereign wealth fund, aiming to manage public assets effectively. citeturn0search11
Official Publications:
Legal notices, including tax laws and regulations, are published in the Official Gazette of the Republic of Kosovo. This daily journal disseminates proclamations by the President, general and government notices, regulations, and other legal documents. Access to the Gazette is available through the official website.
Note: Tax laws and regulations are subject to change. For the most current information, it's advisable to consult the Official Gazette or seek professional tax advice.
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