As a socially responsible company, JTI was involved in drafting and implementing the National Programme for Countering the Shadow Economy, which focuses in particular on improving inspection work. The greatest challenge in implementing this programme will be to ensure continuity and consistency in applying the envisaged measures. This mostly depends on how resolute the government is in supporting the Programme’s implementation, and we can say that for now everything looks encouraging. I am referring to the new government deciding to make the fight against the shadow economy one of its priorities, as the Prime Minister mentioned in his exposé, and the tangible results of their engagement so far. According to the data from the first eight months of this year, revenues from VAT, excise and profit tax have increased by 20%.
One of the best strategies for the state is to invest in countering the shadow economy, because this will not only ensure higher public revenue, but also increase trust in the Government to enforce the rule of law and a fair market
In terms of the Law on Inspection Oversight, we expect to see matching proposals for the harmonisation of sector laws in October. We presume that this process will be very challenging, but we also hope that the Coordination Committee will help with the harmonisation process, and that the government will remain consistent in supporting the law’s implementation.