Tax Accounting in the Republic of Kosovo
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Abstract
When conducting an accounting analysis of business enterprises in Kosovo, it is crucial to comprehensively grasp and establish a theoretical framework for the organisational structure of businesses in Kosovo, their adherence to legislation, and most importantly, the accounting system used to record and analyse financial transactions, particularly in relation to tax accounting. Tax accounting serves as a bridge between the government and businesses, particularly in terms of tax payments and declarations. The seminar's purpose is to elucidate these objectives and convey them subjectively, drawing on instructive data from several sources of literature and practical research in the field.
According to the current legislation of the Republic of Kosovo, every person who is 18 years old or older has the right to engage in economic activities. Economic activities encompass the actions undertaken by manufacturers, traders, and individuals involved in the provision of goods and services. This includes activities such as mining, agriculture, and professional services.
To engage in these economic activities, persons must adhere to the requirement of registering and acquiring a permit from the appropriate governing body as a commercial entity, as stipulated in the Kosovar legislation on commercial organisations.