34,000 businesses have been seized by Taxes, due to debts

2023-02-09 07:58:27Biznes SHKRUAR NGA REDAKSIA VOX

The number of businesses with tax debts reached 34,745 at the end of January 2023.

From 2022, including January of this year, about 4760 new businesses were added to the list of bad tax debtors. The list was expanded by about 16 percent from January 2022 to the end of January 2023.

The General Directorate of Taxes publishes the list of entities with obligations, clarifying that the insurance measure has been imposed on all assets and that the procedure of forceful collection of the debt has begun.

The publication of the list of tax debtor businesses is done so that third parties become aware of the initiation of these procedures and do not allow transactions for the transfer of assets of debtor taxpayers until the unpaid tax liability is collected.

With the full payment of the obligation, businesses are removed from the list of debtors.

One of the common reasons for businesses going into debt, especially in counties and rural areas, is the high level of immigration, which is affecting business activity in two directions.

For example, in the Northern regions of the country where a wave of immigration has spread massively in recent years, trade and transport activities are encountering difficulties due to the flight of people. Also, many people who own these businesses have immigrated on their own, not respecting the procedures of deregistration and closure of the activity. Tax sources claim that part of this debt is fictitious with no hope of collection.

The expansion of the list of bad debtors in taxes signals the further increase of the stock of tax debt in value.

At the end of December 2021, the stock of tax debt reached 134.9 billion ALL, in an annual expansion of the stock by 10.6% or about 12.5 billion ALL, according to official data in the annual tax report. A similar value is expected this year as well, since the number of businesses that added to the list of debtors was the same as in 2021.

The principal of the accumulated tax liabilities constitutes about 60% of the total amount of tax liabilities, while the rest of these liabilities, the remaining 40%, consists of penalties and arrears.

In the stock of outstanding liabilities divided by type of tax in 2021, VAT occupies the largest share in the debt stock with 35%, followed by Profit Tax with 29%, Other with 17%, Social Security & Health with 13%, Withholding Tax with 3%, TAP with 2% and DIVA with 0.2%./B

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