Kosovo VAT changes

VAT changes in Kosovo

Kosovo has now implemented an increase in its standard VAT rate taking the rate from 16% to 18%, they also introduced a reduced VAT rate of 8% for a number of raw materials and basic products to offset the effect on the less wealthy. These changes are part of current changes being made to all the tax systems in Kosovo, officials from the Ministry of Finance say that the new measures have been put in place in order to support the economy of the country and the citizens.