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…
Albania/October 2014 The Albanian Ministry of Finance issued informative administrative guidelines for taxpayers related to the new Transfer Pricing Legislation. According to the “Instruction on Transfer Pricing” published in June 2014, the Ministry of Finance sheds light on notorious issues…
Albania/September 2014 The Law no. 7928, dated 27.04.1995 “On Value Added Tax”, as amended, implemented a scheme of deferral and exemption from the payment of VAT. Based on paragraph 2.1 of Article 26 of the Law no. 7928, for machinery…
Albania/July 2014 Albanian Transfer Pricing Regulations Transfer pricing rules have been present for more than a decade in the Albanian Corporate Income Tax (CIT) Law, but specific and detailed regulations on the application of these rules have been published in…
Albania/June 2014 On 24 June 2014, the European Union has officially named Albania as a candidate country for EU membership. This is subject to the support by EU heads of states at the European Council to be held on 27…
Albania/June 2014 Transfer pricing rules have been present for more than a decade in Albanian Corporate Income Tax (CIT) Law, but specific and detailed regulations on the application of these rules have been published in the Official Journal No 70,…
Albania/June 2014 A new tax legislation impacting companies operating in the hydrocarbons sector came into effect at the beginning of January 2014. Previously, Law no.7746 on Hydrocarbons, dated July 28 1993 defined VAT-exempted supplies in the hydrocarbon operations to include…
Albania/March 2014 Value Added Tax is the most important tax in Albania. According to the fiscal indicators regarding the consolidated budget, VAT is expected to amount to 8.5% of the GDP for the 2014 fiscal year. VAT is levied on…
Albania/February 2014 At the end of 2013, the Parliament of Albania has approved several laws, which initiate the implementation of the tax reforms declared by the new government after winning the elections. Among other things, one of the major changes…
Albania/November 2013 According to the law on Tax Procedures, the non resident taxpayer has the right to assign a representative in Albania. Non resident taxpayers are all those who do not meet at least one of the required criteria, provided…
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