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About 20,000 businesses in Albania indebted to tax authorities

Xinhua, January 9, 2017 Adjust font size:

The number of businesses in Albania which have not paid taxes by mid December, 2016 reached 19,834, compared with 13,778 businesses at the end of 2015, local media reported Sunday.

The report referred to data published by the Directorate General of Taxation.

The lack of liquidity seemed to be one of the key factors.

According to official figures issued by tax directorate, over 900 subjects were added to the "black list" of indebted businesses last year.

Sources from the directorate said that the authorities have started to take concrete measures as well as procedures to collect outstanding obligations by force.

The tax authorities would publish the "blacklist of indebted businesses" so that third persons are informed of the commencement of these proceedings. Bodies or institutions dealing with registration of movable and immovable property of the indebted taxpayers would start registering outstanding tax liability, sources said. Endit