Tax Administration of Kosovo – Director General, pursuant to Article 9 of the basic Law No. 03/L-222 on Tax Administration and Procedures, amended and supplemented by the Law No. 04/L-102 and the Law No. 04/L-223, issued the Public Explanatory Decision No. 02/2019 on Tax Treatment of Long-Term Construction Contracts.
The purpose of this Public Explanatory Decision is to clarify tax treatment in terms of Value Added Tax – VAT, Personal Income Tax – PIT, and Corporate Income Tax – CIT related to long-term construction contracts.
This Public Explanatory Decision applies to persons engaged in construction activities, namely taxpayers who deal with long-term construction projects and contracts.
The Public Explanatory Decision No. 02/2019 on Tax Treatment of Long-Term Construction Contracts can be found at TAK website www.atk-ks.org under Publications – Public Ruling.