Project Cost Estimation
In this presentation is published all the necessary steps and elements that should be included in the costs of a Project. (more…)
Bashkohuni me ekipin tonë. A jeni gati të rrisni biznesin tuaj? Mëso më shumë
Tax surprises from new EU countries
In some ways, classical central planning was an effective and esthetically attractive social instrument that fascinated many western social scientists. Unfortunately, by limiting individual liberties and by killing individual incentives, it carried an enormous cost in terms of economic efficiency and political...
VAT implemented for energy transmission in Albania
On January 30, 2015, The Ministry of Finance of Albania published the Instruction on new VAT Law applicable from January 01, 2015. The new law and its instructions aim at harmonizing Albania’ domestic law with the European VAT rules incorporated...
Does income inequality slow economic growth?
Yes! But the effect is ambiguous. Income inequality can either propel growth by offering incentives to people to be more productive or impair it by reducing demand and worsening health and education for the poorer, among other reasons. (more…)
Taxation of e-commerce as challenge for budget of Albania
Historically goods were physical, the production, distribution and consumption of these goods was easily taxable. Physical goods were produced at a manufacturing plant, shipped off to wholesalers and boxed on retailers’ shelves, with the final consumer walking away with a...
Tourism and the tax issues in Albania
In latest decade tourism has become a primary economic activity of many countries in Mediterranean Sea region. If the economic benefits of tourism are clear (more added value and employment, for example), the various costs derived from it are also evident...
Reduction of VAT for Albania is a good choice
Despite common misconception, the European Union does indeed allow member states to decide their own rates of VAT on a number of categories of goods and services. In Albania, this policy remains yet a taboo and looks that the standard...
5 parts of a cost accounting system
A cost accounting system requires five parts that include: 1) an input measurement basis, 2) an inventory valuation method, 3) a cost accumulation method, 4) a cost flow assumption, and 5) a capability of recording inventory cost flows at certain intervals. (more…)
VAT reduction: Budget neutrality or budget overrun?
In principle, the efficiency of the VAT system is well-known through every country that apply this tax on consume. It is a in every time a good and neutral VAT system, the ones that changes consumers’ buying decisions as little...
The cancelation/forgiveness of a loan and the tax interpretation in Albania and Europe
The capitalization and/or forgiveness of loans by a shareholder to its wholly-owned subsidiary in Albania, generally qualifies as a shareholder contribution to the net equity of the subsidiary. When this is the case, the subsidiary does not register income in its...