Tag: VAT in Albania

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How VAT will change starting from January 1st, 2015
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How VAT will change starting from January 1st, 2015

VAT in Albania will change in various aspects and will provide many facilities after being implemented, starting from January 1st, 2015, announced the Tax Administration. The latest law amendments aim to create a fair tax system which will be on service to all tax payers, through the increase of the capacities and quality. The law will...

Businesses require the cut of VAT
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Businesses require the cut of VAT

Tirana Chamber of Commerce and Industry has announced the compilation of a fiscal package which will be presented to Ministry of Finances with the purpose of reviewing the 2015 budget by the Ministry. This fiscal package will be sent at the Ministry within October and one of the most important requests will be the cut...

VAT tax of 10% for the usage of state owned land banks and facilities
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VAT tax of 10% for the usage of state owned land banks and facilities

New amendments to VAT law on state owned land and facilities anticipate that the tax collected for the usage of state owned lands will be considered as a national tax. Individuals who are using unprivatized land banks and commercial legal persons who have won the right to use state owned lands pay the tax on...

Budget revenues have increased
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Budget revenues have increased

The increase of taxes earlier this year has given its positive effect in the allocation of state incomes. Based on the official data, published by the Ministry of Finances, the budget incomes for the first six months of 2014 (175.2 billions ALL) are higher than predictions but even compared to one year before. According to...

Ministry of Finances: 0% VAT applied for many services and subjects
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Ministry of Finances: 0% VAT applied for many services and subjects

Albanian government has published the latest changes on VAT law for various services and subjects. According to the new law of VAT which was introduced at the Parliamentary Committee of Economy by Minister of Finances Shkelqim Cani, the following subjects/services are free from VAT: national postal service, health service and medicaments, educational service, insurances and...

Confindustria upholds VAT cut for machinery and equipment
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Confindustria upholds VAT cut for machinery and equipment

Industry representatives in Albania have upholded the decision of the Parliamentary Committee of Economy for the cut of VAT for machineries and equipments, a decision taken based on the draft projects presented by Ministry of Finances. According to Confindustria, the placement of VAT for machineries that are used in the production process, would be a...