Half a billion euros in revenue from Kosovo Customs
NEWS
Read about: 2 min.
2 week ago
The link was copied
At the Kosovo Customs, today's day has ended with the collection of revenues that exceed 500 million euros. This achievement represents a huge increase of 78 million euros, or over 18%, compared to last year's revenue collection, significantly exceeding the projection of 6% for this fiscal year.
The announcement states that these revenues have been collected even though the effect on tax exemptions according to the Government's import decisions for manufacturers and the deepening of exemptions from free trade agreements have been significantly deepened. In this period, 79 million euros of taxes of this category were released, or 21 million more than the previous year.
"Similarly, based on the Government's decision, significant progress has been made in trade facilitation, especially with the efficient operation of customs clearance at the port of Durrës and state-operated terminals. This progress has resulted in a significant cost saving of 4.3 million euros over the three-month period, while on the trend of progress, we anticipate that this saving will escalate, reaching up to 20 million euros by the end of the year, optimizing further our commercial processes and improving the economic growth and at the same time influencing the reduction of the price to the consumer", the communiqué states. According to the announcement, Kosovo Customs remains committed to promoting a favorable environment for export, trade and revenue generation, contributing to the prosperity and development of the Republic of Kosovo.