The American Chamber of Commerce has urged the Albanian government to take three immediate steps to ease the burden on businesses from the lockdown due to coronavirus.
- Postponing the timelines required for financial reporting, the filing and payment of the VAT, the annual notification of controlled transactions;
- Eliminating all fiscal obligations for at least three months, and for six months for businesses in the tourism sector.
- Creating an emergency fund that will allow businesses quick access to capital, through grants or long-term loans.
“We urge the Government of Albania to develop a parallel emergency plan in support of the business community to prevent a deep economic crisis from sapping the economic health of the country,” the Chamber said in a press statement on Tuesday.
They also offered the Albanian government their expertise in drafting measures that will help businesses overcome the challenges imposed by the lockdown.