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Albania

Albania and Morocco sign an Agreement on the Avoidance of Double Taxation

Albania | February 2016 | Albania and the Kingdom of Morocco preliminarily agreed on the need for a Double Tax Treaty back in 2012 when treaty negotiations commenced. The willingness to conclude such an agreement was reiterated in October of…

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Bulgaria

Characteristics of Private Limited Liability companies in Montenegro, Bulgaria...

January 2016 Globalization made international capital boundaries disappear. Market size has become more important than the size of countries. Regions such as South East Europe with large number of smaller countries have attracted many foreign investors. When choosing a jurisdiction…

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Albania

Albania abolishes taxes for small businesses

Albania/December 2015 The government of Albania has announced a new tax reform which includes the removal of the obligation to pay the simplified income tax for small businesses with annual turnover up to 36,000 Euros (or 5,000,000 ALL). This reform,…

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Albania

Albania and Kosovo sign a new agreement on double taxation

Albania/November 2015 An agreement for the avoidance of double taxation of income and capital taxes and the prevention of fiscal evasion, concluded between the Republic of Albania and the Republic of Kosovo, entered into force in March 2015. The agreement…

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Albania

Oil and gas exploration in Albania

Albania/October 2015 In May 2015, Albania initiated an international call regarding seven oil and gas onshore and offshore blocks. The Albanian competent governmental institution, the Albanian Agency of Natural Resources (AANR), has publicized the map featuring the free blocks for…

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Albania

Albania changes the double taxation agreement with Switzerland

Albania/October 2015 In 1999, Albania and Switzerland signed an Agreement the main scope of which is the avoidance of double taxation. The general objective of this kind of agreements is to make sure individuals and companies operating and residing in…

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Albania

New tax incentives for operating in free zones in Albania

Albania/September 2015 The Government of Albania has approved some amendments to the Law on the Establishment and Functioning of Economic Zones. The amendments introduce new regulations and new tax incentives for operating in the Free Zones. According to the approved…

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Bulgaria

Bulgaria: the alternative choice for tax planning

Bulgaria/June 2015 Low Tax Jurisdictions: The Low Tax Jurisdictions are the most widely used jurisdictions in tax planning nowadays. The strict regulatory rules and the stigma attached on jurisdictions offering offshore companies have forced many businesses to re-evaluate their tax…

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Albania

Categories of foreigners working in Albania

Albania/March 2015 Foreign citizens, the employees, employers or self-employed in registered entities for fiscal effects in the Republic of Albania, are secured and protected mandatorily, according to the Albanian legislation. The Council of Ministers by decision no. 77 dt. 27…

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Albania

VAT Reimbursement Procedure Directive

Albania/May 2014 The reimbursement of Value Added Tax has been a known concern for businesses in Albania. Many Albanian companies have a considerable amount of refundable VAT still un-reimbursed by the tax offices. The Ministry of Finance with the Directive…

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