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Kosovo

Overview

Last reviewed - 28 January 2021

Kosovo is a landlocked country in the central Balkan Peninsula. With its strategic position, it serves as an important link in the connection between central and south Europe, the Adriatic Sea, and the Black Sea. Its capital and largest city is Pristina, and other major urban areas include Prizren, Peja, and Gjakova. Kosovo borders Albania to the southwest, the Republic of Macedonia to the southeast, Montenegro to the west, and Serbia to the north and east.

Kosovo covers an area of 10,887 square kilometres and has a population of 1,804,944, with a density of 165.8 per square kilometre.

The official languages in Kosovo are Albanian and Serbian. Turkish, Bosnian, and Roma languages have the status of official languages at the municipal level. The official currency is the euro (EUR).

Kosovo is a multi-party parliamentary representative democratic republic, with legislative, executive, and judicial institutions.

Kosovo’s economy has been growing at a fast pace in recent years. In 2017, the gross domestic product (GDP) growth rate was 4.4%. Based on estimated figures, the GDP growth rate is expected to be 4.8% in 2018 and 2019, then decrease to 4.7% in 2020.

Kosovo is a member of several international organisations, including the International Monetary Fund (IMF) and World Bank, while its membership to the European Union (EU) and United Nations (UN) is still under way. Kosovo has a liberal trade regime as part of Central European Free Trade Agreement (CEFTA) that allows producers in Kosovo to export duty-free to CEFTA members. The EU Autonomous Trade Preference regime also enables duty-free exports for the majority of Kosovo goods to the EU market. The April 2016 implementation of the Stabilization and Association Agreement (SAA) with the European Union reinforced trade liberalisation and removed many of the remaining trade and tariff barriers for the European Union.

In Kosovo, PwC provides a full range of assurance, tax, and advisory services. PwC has the knowledge and understanding of the local and global business climate to help clients reach their goals. At PwC Kosovo, each line of service is equipped with highly qualified, experienced professionals whose goal is to build trust in society and solve important problems.

Tax services include corporate compliance services in accounting, corporate, indirect, and employment tax compliance, as well as tax advisory on domestic and international taxation, transfer pricing, tax dispute resolution, and tax disclosures.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)

10

Corporate income tax (CIT) due dates
CIT return due date

31 March

CIT final payment due date

31 March

CIT estimated payment due dates

15 April, 15 July, 15 October, and 15 January

Personal income tax (PIT) rates
Headline PIT rate (%)

10

Personal income tax (PIT) due dates
PIT return due date

31 March

PIT final payment due date

31 March

PIT estimated payment due dates

15th day of the following month.

Value-added tax (VAT) rates
Standard VAT rate (%)

18

Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy)

Resident: NA/10/10;

Non-resident: NA/10/10

Capital gains tax (CGT) rates
Corporate capital gains tax rate (%)

Capital gains are subject to the normal CIT rate.

Individual capital gains tax rate (%)

Capital gains are subject to the normal PIT rate (10%).

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)

NA

Inheritance and gift tax rates
Inheritance tax rate (%)

NA

Gift tax rate (%)

Taxable as ordinary income (10%) unless exemptions apply.

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.