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Albania: Maximum amount of petty cash

News-Albania

Albania: Maximum amount of petty cash allowed for business entities

A new version of the existing law on Tax Procedures was recently published by the Ministry of Finance in Albania. According to the latest changes, every business that operates with cash transactions is obliged to deposit in its bank account…

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Albania fiscal package 2023

News-Albania

2023 Fiscal package brings important changes in Albania

In the framework of the 2023 fiscal package, the Ministry of Finance has announced several draft laws that will enter into force during the coming year, affecting some of the most important taxes in Albania, such as, Income Tax, VAT…

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national minimum wage

News-Albania

Albania increases the national minimum wage

Only a few months after the government’s decision to increase the minimum wage in Albania, the Council of Ministers has decided on a further increase. Starting from September 1st, 2022, the minimum wage in Albania will be LEK 34,000. This…

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Albania: Financial Statements

News-Albania

Albania: Deadline Extension for Financial Statements

The Ministry of Finance announced the postponement of the deadline for submitting financial statements to the National Business Center. The annual deadline for submission was the end of July, but this year marked fundamental changes on the process of invoice…

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Albania: Financial Statements

News-Albania

Albania: Small entities obliged to submit Financial Statements

Through the latest ministerial order, the Ministry of Finance has announced the change of National Accounting Standard no. 15, which affects all business units classified as “micro entities”. Specifically, starting from the financial period which begins on January 1st, 2022,…

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Albania: Taxation changes

News-Albania

Albania: Taxation changes for the self-employed professionals

The Ministry of Finance has recently presented a draft law; the focus of which is self-employed and freelance professionals. This draft law aims to exempt the self-employed providing professional services from the income tax rate of 0%. Currently this rate…

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Eurofast Albania

News-Albania

Albania digitalizes all public services

The Albanian Minister for Standards and Services recently announced the closure of 95% of the public service counters by the end of April. Almost all applications and claims, from now on, should be submitted online, and all official documents will…

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Albania: VAT Refund

News-Albania

Albania: VAT Refund process update

A new online VAT refund platform, provided by the General Directorate of Taxes, is available in Albania since 7 March 2022. This platform will be used to create, track, and review any VAT refund claim made by taxpayers. All VAT…

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Albania salaries

News-Albania

Albania: Minimum salary and income tax changes

Through an ultimate update of the decision no.158 “On Determining the National Minimum Wage”, on 12.03.2022, of the Council of Ministers, it was decided to increase the minimum monthly salary to ALL 32 000. The current minimum salary is ALL…

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Eurofast Albania

News-Albania

Albania: New Activity Regulation for Non-Profit Organizations

It was recently published on the Official Gazette of Albania, the decision to create an Electronic Register for NPOs. The register consists of a state database which collects, organizes and stores the information for non-profit organizations electronically, in interaction with…

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