Abstract
This paper aims to present the effect of the pandemic crisis COVID - 19 on the economy of Kosovo, namely tax revenues focusing on the impact of the pandemic situation on macroeconomic indicators such as Gross Domestic Product. The impact of the crisis on the collection of tax revenues, the impact of the crisis on tax evasion, the effect of the crisis on business turnover, and the ratio of tax revenues to GDP. The data that have been used in this paper are data from primary sources through questionnaires and data from secondary sources. The findings of this research show that the pandemic situation in 2020 has slowed down local economic growth, declined trend of tax revenues, declined trend of GDP compared to the previous periods, and other negative effects such as declined economic activity, business, and employment level.
Highlights
Throughout the history of humanity and its development, the world has faced various crises of an economic or even healthy nature
The negative effects started from the individual level and in the households to continue in businesses and the state level
Weaker business activity, reflected in the macroeconomic aspect, as business turnover decreased compared to previous non-pandemic periods, almost all domestic investments and foreign direct investment stagnated, tax revenues declined due to the declining in business turnover, which has directly reflected in the decline of the country's GDP; on the other hand, some government spendings were increased in order to finance the approved fiscal packages to help the local economy
Summary
Throughout the history of humanity and its development, the world has faced various crises of an economic or even healthy nature. The latest crisis caused by the COVID - 19 virus first appeared in Wuhan, China, and spread rapidly to all other continents. Like any crisis, the latter has had negative effects on health, politics, and the economy. Weaker business activity, reflected in the macroeconomic aspect, as business turnover decreased compared to previous non-pandemic periods, almost all domestic investments and foreign direct investment stagnated, tax revenues declined due to the declining in business turnover, which has directly reflected in the decline of the country's GDP; on the other hand, some government spendings were increased in order to finance the approved fiscal packages to help the local economy
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