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…
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…