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Recently, the law that has changed is the one on Industrial Property, now makng part of it even the trade secret. Approval of law no. 96 date 07.07.2021 brought some innovations in order to strengthen the protection of industrial property objects. Below we inform you of the innovations that the update of this law has…

Cryptocurrencies are a new type of currency that was created in 2009. They originate in a digital format and are generated in electronic form. Transactions of these currencies are made without banks. There are no transaction fees and you can buy practically anything with them, just like you do with traditional money (fiat). Payments using…

VAT Refund

  • July 23, 2021
  • News

Exporters have the right to request a VAT refund when their surplus exceeds the amount of 400,000 ALL. This is the regulation made by Law No. 92/2014 “On value added tax in the Republic of Albania”. Finally, DCM no. 418, dated 08.07.2021 has brought some changes in Decision no. 953, dated 29.12.2014, which provides the…

The Covid-19 pandemic brought successive damage to every area of ​​life, from health, economy to the free movement of people and goods. After some very difficult months, it now seems as if the world has begun to recover and this is also reflected in the fact that already in many countries the number of infections…

The long-awaited law on compulsory vehicle insurance in the transport sector has recently been adopted. In addition to the innovations brought by the adoption of this law, its consequence is the abrogation of the previous law No. 10.076 / 2009. Let us look at some of the most important innovations and changes brought by law…

We will represent you the new changes regarding the beneficial owner registration. In any case when a new law is adopted, the first thing that is noticed is its implementation in practice and the problems that practice will bring. As a result, the recently adopted laws are subject to periodic changes in order to eliminate…

Vision Consulting Albania is delighted to provide some useful details for any foreigner or expat in Albania regarding visa, work permit, residence permit information. Based on your nationality you may or may not be required to obtain a visa prior to entering in our country. You can check the visa regime which Albania applies with…

According to statistical data from INSTAT, automobile accidents are in quite alarming numbers. The reasons for this are different and depend on various factors whether natural but also human errors or inadequate infrastructure. Normally, being involved in a car accident brings serious consequences for the parties involved, where among the main ones are: material damage,…

The General Directorate of Taxes has recently brought to attention a very important obligation for individuals in the Republic of Albania who have relatively high incomes. They must submit an individual statement of annual income. Lately we have been notified that the annual income statement deadline postponed.  As a reminder, the persons who have the…

Driving license conversion, now possible An agreement approved between the Council of Ministers of the REPUBLIC OF ALBANIA and the Government of the REPUBLIC OF ITALY has as its main purpose the mutual recognition for the purpose of conversion of permanent driving licenses issued by the competent authorities to the respective holder of the driving…