Personal Income Tax
Personal Income Tax (Law No.03/L-161) applies to natural persons receiving income from
Kosovar sources and foreign incomes received by Kosovo residents.
Income tax 0 -10 % (Progressive)
Value Added Tax
Value Added Tax (Law No.03/L- 146) is applied to all importers and businesses with an annual turnover in excess of €50,000. The VAT rate stands at 16 percent and is levied on all goods and services, with an exemption for certain agricultural and capital goods (on which VAT is 0 percent). Exporters receive full VAT reimbursement for exported goods.
|Country||VAT||Corporate profit tax||Personal income Tax|
|Bosnia and Herzegovina||17%||10%||10%|
Comparison of Tax Systems in the region - 2012
Specific Tax code on Depreciation
According to article 15 of the Law on Corporate Income Tax (No.03/L- 162), the amount allowed as a depreciation deduction for the tax period is to be determined by applying the following percentages to the capital accounts under the reducing balance method:
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