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…
Obligated entities to submit the Individual Annual Income Statement 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. The persons who have the obligation to submit this statement are:…
Beneficiary Owner, anti money laundering law now approved. Vision Consulting Albania is delighted to introduce you with some of the main changes brought by the new law on beneficiary owners registration, law no.112/2020. Who can be a beneficiary owner and what is the purpose of the register of beneficiary owners? The beneficiary owner is: The…
Financial help for the self-employed – 500’000 ALL financial help from the government of Albania Through the Decision of the Council of Ministers No. 348, dated 29.4.2020 “On procedures, criteria and regulations for the implementation of the incentive program in the promotion of self-employment”, the Albanian government has decided to assist with subsidies. To apply…
Force majeure, what happens to the contracting relationships in this case? Through the act no. 243, dated 24.03.2020, in the Republic of Albania was announced the state of Natural Disaster which was extended until June 23rd. In contractual relationships this situation falls under the provisions of the Force majeure. In some contracts such situations are…
1. Introducing Albania Albania is located in the heart of the Mediterranean and near the coast of the Adriatic and Ionian seas. Situated between Greece, Macedonia, and Montenegro in land borders and Italy crossing the Adriatic Sea, Albania remains a very important gate of entry for the Balkans and Eastern Europe. It still is an…
E-albania, all government services online. As part of the responsibilities undertaken by the Republic of Albania under the “candidate for EU member state” status, the digitalization of the public services has been one of the top 5 priorities of the government. Steps have been taken for this purpose, by adopting a comprehensive legal framework since2008…