Republic of Kosovo: Selected Issues Paper

July 23, 2013

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Republic of Kosovo: Selected Issues Paper, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This Selected Issues paper on the Republic of Kosovo’s 2013 Article IV Consultation highlights growth and Kosovo’s external environment. In the wake of the global financial crisis, Kosovo’s economic growth slowed but remained positive, while most other Western Balkans slipped into recession. Moreover, the annual average growth rate has been among the highest in the Western Balkans since the onset of the financial crisis in 2007. Kosovo’s tax-to-GDP ratio is comparable to the average of Southeastern Europe, although its tax system relies significantly more on indirect taxation—including a high share of trade taxes. Kosovo’s reliance on trade taxes may create budgetary pressures in the event of further trade liberalization.

Subject: Balance of payments, Banking, Income and capital gains taxes, International trade, Remittances, Revenue administration, Taxes, Taxes on trade, Trade liberalization

Keywords: Banking sector development, Central Asia, CR, Eastern Europe, Europe, FDI inflow, FX financing need, Global, IMF BOP manual, Income and capital gains taxes, ISCR, Kosovo, Remittances, Tax, Taxes on trade, Trade, Trade liberalization, Trade liberalization, Trade tax

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/223
Stock No:

1UVKEA2013004
ISBN:

9781484307854
ISSN:

1934-7685

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