Designed as a general tax on consumption exactly proportional to the price of goods and services, the Albanian VAT System allows the deduction of the amount of VAT borne directly by the various cost components of the production and distribution...
In recent years the enforcement policy has tried to shift from control based on an absence of trust to monitoring through trust. But, until now this policy direction remains yet a dream non-true. The government still stands time by time...
Each individual, who is a partner in a commercial company, is responsible for the company's tax liabilities to the tax administration, according to provisions in the company charter. According to commercial registry, over 98 percent of companies are limited liability...
House price volatility is important contributor to macro financial stability. Developments in the housing market have been at the heart of the global crisis, prompting a debate on alternative policy responses. On the other side, housing market has important implications...
Many advanced economies are struggling with low productivity and potential growth, coupled with high debt and limited fiscal and monetary policy space. Structural differences between the services and industry can fully explain the higher levels of allocative inefficiency in the...
Enterprises in Albania must follow financial accounting and reporting rules aimed at providing investors with a true and fair view of the financial situation of the enterprise. These rules increase transparency and international comparability of the results of an enterprise...
The legal reference, which sets the tax that should be calculated and paid for this type of transaction in Albania is linked to the capital tax, treated as withholding tax and is based in Article 33 of the Law on...
Over the two decades, VAT has arrived in Albania. The principal reasons for arrival of this form of taxation were, first, the early adoption of this form of taxation in the European Union (EU) and, second, the key role played...
Tax systems have become increasingly complex in last decade. There is no such thing as a single tax. There are individual income taxes, corporate income taxes, indirect taxes, national taxes, local taxes. There are a variety of indirect taxes, such as the...
Of course, how and from whom tax is raised matters, not just how much. It is clear that a broad-based but low tax rate system is effective in resource terms. It is also clear that a fair and transparent system...
