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/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…
Albania/November 2013 On March 1 2013, Albania signed the Convention on Mutual Administrative Assistance in Tax Matters. This agreement was ratified according to the Albanian legislation on August 8 2013, and entered in force on December 1 2013. This convention…
Albania/October 2013 Since May 2012, the Parliament of Albania has approved the law for the creation and functioning of the Administrative Courts, at all the three levels of judiciary, including the Supreme Court’s Administrative College. At the moment the administrative…
Albania/September 2013 Taxpayers in Albania has the right of appeal to tax assessment notice, decisions that affect the taxpayer’s obligation on any claim for refund or tax relief, or to any special tax act, related with the taxpayer’s activity. According…
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