Tax Alert - 04 / 17

To keep you up-to-date with the latest economic and financial developments, this bulletin prepared by our Tax Team provides information that may affect the operation of your business in Albania.

2018 Fiscal Package

On 27 October 2017, the Council of Ministers approved the fiscal package for year 2018 constituted by six draft laws. Below you will find a general overview of the main provisions and novelties introduced by this set of draft laws, the majority of which are expected to enter into force on 1 January 2018.

VAT

Incentive in the tourism sector

The draft law proposes the application of a reduced rate of VAT in the amount of 6% for all services offered within the accommodation structures "Five-Star Hotel, Special Status", as defined in the legislation regulating tourism.