Albania: Technical Assistance Report-Tax Policy Reform Options for the MTRS

Technical Assistance Report-Tax Policy Reform Options for the MTRS

Volume/Issue: Volume 2022 Issue 052

Publication date: February 2022

ISBN: 9798400203350

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Money and Monetary Policy , Public Finance , Taxation - General , International - Economics , IMF resident representative office , Reform proposal , IMF's Fiscal Affairs Department , c-efficiency ratio , VAT revenue , value-added tax , Value-added tax , Personal income tax , Corporate income tax , Social security contributions , Central and Eastern Europe , Europe

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Summary

Albania is preparing a Medium-Term Revenue Strategy (MTRS) to finance its development spending of an estimated 2.2–3.0 percent of GDP over five years. Revenue mobilization will be supported by comprehensive tax policy and administration reforms. International and regional comparisons suggest that there is room for additional revenues as well as improvement in the composition of tax revenues. This report presents options for tax policy reform to raise at least an additional 1.34 percent of GDP in revenues over five years and to improve the quality and efficiency of the tax system, that will enable the mobilization of further domestic revenues.