Through an amendment of the law on Value Added Tax approved yesterday by the Council of Ministers, the government in Albania has decided to introduce a VAT rate on media adverts. According to the decision taken by the government, this tax will amount to 6%.
So far, adverts on radio and TV were exempted from Value Added Tax, following a decision taken in 2000. Meanwhile, media market in Albania has been shrinking in the recent years due to the growing financial problems that media outlets are facing. /ibna/