For years, in Kosovo’s tax practice, the monthly carry-forward of excess VAT has been treated as a claim for tax credit. The same approach continues to be applied today, even though this practice is legally incorrect. As a result, this tax position has been considered subject to the three-year procedural limitation period provided for in…
Kosovo has made significant strides in its efforts to establish an attractive and competitive tax system. The tax landscape in Kosovo is characterized by low tax rates making it a favourable destination for investors and businesses seeking to operate in the region. One of the most compelling aspects of the tax system in Kosovo is…
The Tax Administration of Kosovo (TAK) has begun incorrectly and unfairly applying the new Law on Tax Administration and Procedures, which entered into force on 12 January 2024. Although this law limits the period for submitting tax refund and credit claims to three years, this limitation should not apply to periods preceding the entry into…
We are pleased to announce that Vokshi & Lata law firm has been reconfirmed as a “recommended law firm” in the field of “leading firms” by one of the most prestigious sources in the world, Legal 500. Legal 500 has also individually assessed our lawyers with the highest ratings: Mr. Adem Vokshi has been rated…
Author: Florin Lata Tax Administration of Kosovo (TAK), through a public notice, dated 27.01.2022 and entitled “Notice to taxpayers – Fines can be paid only 50% if paid within 15 days” had decided that after 5 years, it would start implementing Article 30 par. 3 of the Law on Minor Offences, even though this law…
From July 1, the European Union has started implementing new legislation related to the payment of VAT for businesses that sell products or services to consumers in the EU through E-commerce. All businesses in Kosovo that make online sales in the European Union market must be informed about the changes in the tax legislation for…