Tax Revenue Growth and Formalization: Republic of Kosovo

By Amanda Edwards, Ezgi O. Ozturk, Selim Thaci

April 20, 2023

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Amanda Edwards, Ezgi O. Ozturk, and Selim Thaci. Tax Revenue Growth and Formalization: Republic of Kosovo, (USA: International Monetary Fund, 2023) accessed November 8, 2024

Summary

Among western Balkan countries, Kosovo had the largest growth in tax revenue in percent of GDP over 2021-22. While part of this strong performance could be explained by increased activity, surging inflation, and buoyance, a sizable part of it is related to increased formalization. This paper analyzes the extent to which tax revenue increases may have grown due to gains in formalization, both of workers and businesses, by applying a simple accounting framework to disentangle the sources of tax collection increases.

Subject: International organization, Monetary policy, Revenue administration, Tax policy, Taxes

Keywords: Corporate income taxes, Effective tax rate, Formalization, IMF staff calculation, Informal economy, Personal income tax, Personal income taxes, Research assistance, Tax administration core functions, Tax revenue, Tax revenue growth, Tax revenue increase, Title page, Value-added tax, Value-added taxes, VAT revenue

Publication Details

Pages:

10
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2023/026
Stock No:

SIPEA2023026
ISBN:

9798400240225
ISSN:

2958-7875

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