TIRANA, December 27
The General Directorate of Taxation issued a recent announcement regarding all taxable persons that among their businesses have an accommodation facility. In order to get tax deductions on the Value Added Tax (VAT) to six percent, they need to register their activity at the National Business Center as a single activity. There are taxable persons that use the same Tax ID Number (NIPT in Albanian) for a group of subjects. They must register their activity related to accommodation facilities with its own Tax ID Number.
“This process makes possible to benefit from the financial facilities in the tourism sector and aims to further formalize it based on the changes to the law On the Value Added Tax in Albania that was published in the Official Gazette in November 2017 and entered into force on December 5, 2017. The registration of the subject at the National Business Center must be done within three months from December 5.
News Source: tatime.gov.al
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