During 2017, and the first quarter of 2018, various double tax treaties’ (DTTs) developments have taken place in Cyprus, with a number of new DTTs, protocols and amending protocols being signed and coming into force. The list of countries with…
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…
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…
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,…
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…
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…
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…
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…
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…
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…