Kosovo Tax Alert - CIT

Definitions

[Amendment] Market value is defined as the complete amount to be paid by the consumer at the same market rate in which the supply of goods and services occurs, under the conditions of equal competition, for the supplier under the prevailing market within Kosovo where the supply occurred, in order to obtain goods and services in question at the moment. When a comparison cannot be found, the market value can mean a) for goods, an amount not lower than purchasing price of goods or similar goods or cost at time of supply; b) for services, an amount not lower than the complete cost of the taxable person providing the service.

The previous CIT law did not provide for the method of determining market value when comparisons cannot be found.