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Cyprus

BKR International EMEA Scholarship awarded to Cyprus-based student

BKR International is delighted to announce that it has awarded its annual EMEA scholarship to Andri Argyridou, a Cyprus-based student currently preparing for her TQUK Level 6 Diploma in Accounting and Finance at the School of Professional Studies of Cyprus…

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Albania

IMF Issues Mission Statement for Albania in March 2018; Asks for More Reforms

Based on Article IV of the Article of Agreements of IMF, during March 2018, an IMF mission visited Tirana, with the aim of evaluating economic developments for the Post-Program Monitoring (PPM) discussions. Albania, which has been a member of the…

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Albania

Albania Approves Changes to Accounting Standards; Introduces IFRS 15

The Albanian legislative act which defines the general principles and rules for the preparation of accounting standards, financial statements and accounting records is the law No.9228, dated 29.04.2004, “On Accounting and Financial Statements”. According to article 3 of this law,…

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Albania

New office address in Tirana: Giving you one more reason to visit us!

We are pleased to announce that we have moved offices in Tirana to accommodate our growing team! Our new offices details are as follows: Kajo Karafili st, P. Nova, k. 4, Tirana 1001 Phone: +355 42 248 548 Fax: +355…

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Albania

Albanian Government Reduces VAT Rate for Accommodation Services

On November 2017, before the approval of the budget for the 2018 fiscal year, the Government of Albania approved the Decision of the Council of Ministers no.652, dated 10.11.2017, which made several changes to DCM no. 953/2014 on the implementing…

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Albania

Albania Approves Budget for 2018

The Albanian Parliament, after a long session and numerous debates, approved the budget for the 2018 fiscal year. The draft budget was accompanied by the relevant Report and several presentations. According to the Albanian government, the 2018 budget will have…

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Albania

Albanian government plans to include small businesses in the VAT scheme

The Valued Added Tax is one of the most important taxes in the Albanian fiscal regime. . According to the current legal provisions all businesses are subject to VAT declaration and payment, with the exception of small businesses, which are…

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Albania

Albanian unemployment rate drops during Q2

The Albanian Institute of Statistics (INSTAT) has reported that during the second quarter of 2017 the unemployment rate in Albania has decreased to 13.9%. This is the lowest level of unemployment since 2012. In 2014 the level of unemployment reached…

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Albania

IPA between Albania and United Arab Emirates enters into force

During the visit to Albania of the United Arab Emirates Minister of Energy In October 2015, the two countries signed an Investment Protection Agreement. This Agreement was published in the Albanian Official Gazette in December 2015. Article 20 of the…

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Albania

Albania approves Law on remission of unpaid tax and custom duties

With Law no.33/2017, which was approved on the 21st of April 2017 and entered into force on the 7th of May 2017, the Albanian Parliament relieved businesses from old unpaid tax and custom duties. The Law completely dismissed tax and…

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