Tax System and Rates in the Republic Of Kosovo and Their Comparison with the Balkan Countries

Abstract

In order to understand the functioning of the tax system and tax rates, we have elaborated the issue and the importance of the state budget revenues creation. During the research, we have noticed that changes in tax rates, expansion of the taxable base, and creation of conditions for economic development which have been constantly changing in Kosovo and Balkan countries. Although the tax system in Kosovo is new, it is competitive not only in the region but even beyond it. In the new fiscal package of 2015, tax rates had changed. Personal Income Taxes have reduced some of the revenues, corporate taxation up to 10%, insurance companies 7% to 5%, VAT is applied with two tax rates 18% and 8%. Balkan states have significant differences in tax rates, but not in tax systems. In some taxes, high rates have already been set, while in some countries there are lower rates. It is characteristic and interesting that the tax systems of these countries have been constantly reformed, reducing tax rates and redefining the tax base.

Keywords

• : Taxes,tax rates,tax system

Tax System and Rates in the Republic Of Kosovo and Their Comparison with the Balkan Countries

Abstract

In order to understand the functioning of the tax system and tax rates, we have elaborated the issue and the importance of the state budget revenues creation. During the research, we have noticed that changes in tax rates, expansion of the taxable base, and creation of conditions for economic development which have been constantly changing in Kosovo and Balkan countries. Although the tax system in Kosovo is new, it is competitive not only in the region but even beyond it. In the new fiscal package of 2015, tax rates had changed. Personal Income Taxes have reduced some of the revenues, corporate taxation up to 10%, insurance companies 7% to 5%, VAT is applied with two tax rates 18% and 8%. Balkan states have significant differences in tax rates, but not in tax systems. In some taxes, high rates have already been set, while in some countries there are lower rates. It is characteristic and interesting that the tax systems of these countries have been constantly reformed, reducing tax rates and redefining the tax base.

 

Keywords

• Taxes,tax rates,tax system

References

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2. Brajshori, B. (2014). Financat Publike, faqe 105, Prishtinë. Limani, M. (1994). Politika ekonomike, faqe 128, Prishtinë. Jelçiq, B.(1985) Shkenca mbi financat dhe drejta financiare, faqe 204, Prishtinë Komoni, S. (2008). Financat Publike, faqe 47, Prishtinë. Kryeziu, R. (2014). Financat Publike, Prishtinë. Kryeziu, R. (2011). Ekonomia Kombëtare. Përspektivat e zhvillimit ekonomik të Republikës së Kosovës, Prishtinë. Kryeziu, R. (2009) Foreign direct investments in the Republic of Kosova and their impact on economic development. International Conference, Management Challenges during Transition, 28-29 prill, pp. 323, Faculty of Economy, University of Tirana. Gjokutaj, E. (2016) Barra tatimore dhe lira fiskale ne Ballkan, Shqiperi dhe Kosove, 2016 Pere E. Hashorva, A. (2011). Tax Systems in West Balkans Countries- Between Simplicity and Efficiency. Romanian Economic and Business Review 6 (2), 80. Hutsebaut, M. (2012). Politikat tatimore sipas këndvështrimit evropian. Luksemburg: Eurostat.