The Fiscalization Reform, that started to be implemented in Albania since January 1st, 2021, for taxpayers who have direct commercial relations with state institutions, has also started officially to be implemented on taxpayers who conduct cashless transactions between them from July 1st, 2020. Through the approval of…
In its most recent analysis, dated on May 21st 2021, the international rating agency “MOODY’S”, evaluates Albania as a country with stable prospects and affirms Albanian Government’s B1 rating. The decision to confirm the rating according to “MOODY’S” is based on Albania’s resilience to…
Through a normative act, the Council of Ministers of the Republic of Albania has approved the decision to extend the deadline for submitting the annual statement of personal income by two months ergo the payment of tax liability (if any tax liability arises from the…
Following the Fiscalization Reform which has officially started in January 2021, the General Directorate of Taxes of the Republic of Albania has issued an official announcement according to which: “All the entities that have started issuing electronic invoices for cash transactions from a…
As of January 1st, 2021, pursuant to Law 87/2019, the tax system reform “On electronic invoicing and turnover monitoring”, has officially entered into force in the Republic of Albania. The law amends all transactions occurring within the Republic and includes the reporting technicality to the tax authority as well as the application for electronic…
In June 2020, the Albanian Parliament approved Law 112/2020 On the Register of the Beneficiary Owners. The law has created an electronic register that will comprise the list of the individuals that are the direct or indirect owners or have the decision-making…
Recently, the Albanian government has published certain changes to the tax legislation which are effective as of January 1st 2021, affecting a wide range of taxes. Increase of the VAT threshold According to Decision no.576 dated July 22th, 2020, published…
Eurofast recently launched its new website eurofast.eu. The new website offers improved navigation and functionality, creating a user-friendly environment for visitors. The newly redesigned website ties together all of our offices into one location and allows visitors to experience and…
The 2019 fiscal year in Albania introduced significant changes in the Law on Income Tax. The new law provisions provide for a reduction of the income tax rate on dividends and income sharing, for the shareholders and partners of legal…
The new fiscal year in Albania has started with significant changes introduced in the Law on Income Tax. The new law provisions provide for a reduction of the income tax rate on dividends and income sharing, for the shareholders and…