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AmCham raises concerns over “Fiscal Peace” bill

TIRANA, December 11 – The American Chamber of Commerce in Albania voiced concern today over the bill “On the Fiscal Peace Agreement.” The chamber said the draft creates legal and economic problems and introduces unequal treatment between businesses.

AmCham argued that the bill punishes companies that declare profits correctly. It said the measure rewards companies that avoid tax obligations.

The chamber opposed the mandatory 18 percent increase on the previous year’s profit. AmCham described the rule as an arbitrary formula that replaces self-reporting and creates unfair pressure on compliant taxpayers.

The chamber also objected to the option for companies to re-declare five years of financial statements with a 5 percent tax. AmCham noted that the bill sets no requirement for supporting documents and no verification of the origin of funds. It warned that the rule opens space for capital of unclear origin and acts as an indirect tax amnesty.

AmCham said the bill damages Albania’s international credibility. It mentioned possible negative reactions from the European Union and Moneyval.

The chamber said the draft violates equality before the law, legal certainty, and proportionality. It also highlighted the risk of abuse because the bill limits tax inspections and sets no clear selection criteria.

AmCham warned that the preferential tax rate widens the gap with the regular system. It said the measure weakens budget revenue and encourages tax evasion.

The chamber also criticized the lack of transparency and public consultation during the drafting process. It requested a full review of the bill and called for fiscal policies that support fair competition, strengthen the tax administration, and protect the country’s international reputation.

/a.p./

Të ngjashme

RTI