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Deloitte CE Tax Newsletter Nov09

Deloitte CE Tax Newsletter Nov09

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Tax news in Central European countries newsletter
Tax news in Central European countries newsletter

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Published by: Deloitte Central Europe on Mar 30, 2010
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Tax NewsletterDeloitteCentral Europe
November 2009
Tax news in Central European countries
 Albania VAT Instructions amended
Instruction No. 30 dated 12 May 2009 made a numbero amendments to Albania’s VAT law.
Rental o buildings
One o the most signicant changes is a new optionto treat a rental supply o a building either as anexempt supply or a taxable supply. Previously, this wasconsidered a taxable supply. A taxable person can nowsubmit an application to the tax authorities requestingthat the supply be treated as exempt or taxable. Therequest must be in writing and submitted to theRegional Tax Directorate where the subject is registeredand provide details about the lease, such as the nameso the parties, tax identication number and address.
Tax representative
I a tax representative has not been appointed, allobligations and penalties imposed all on the Albanianbeneciary o the supply.
Penalties will be imposed on the tax authorities or latereimbursement i they ail to make a VAT reimbursementto a taxpayer within 30 calendar days rom the date arequest was submitted.
Social security contributions
Eective 1 May 2009, the minimum and maximumsalary base or purposes o calculating social and healthinsurance contributions is ALL 16,120 and ALL 80,600.
Tax-Free Zone
On 11 June 2009, the Council o Ministers approvedthe creation o a tax-ree economic zone in the regionaround Vlora, covering an area o approximately 478hectares. The zone is designed to encourage domesticand oreign investment and accelerate development othe area.The existing economic zone law (Law No. 9789, “Onthe development and unctioning o economic zones,dated 19 July 2007) denes an economic zone as anarea with special “ree zone” or an “industrial park”status. Free-zone status is granted to a specied areao land and/or buildings and other immovable propertythat are used or production and commerce.A ree economic zone oers several tax advantages, inparticular, an exemption rom customs duties and VAT inrespect o goods that enter the ree zone rom licensedpersons and services rendered to such licensed personswithin the ree zone.Goods that enter the ree zone rom a dierent part othe customs territory o Albania and are not in transitare entitled to the same relies as goods destinedor export, meaning a VAT rate o 0%. Inrastructureservices that are oered rom a dierent part o theAlbanian customs territory to licensed developers andusers o the ree zone also receive the relies granted toexport services, such as VAT at the 0% rate.The ollowing goods and services, however, are notentitled to the benets o the customs duties or/and VATexemptions (the list is not exhaustive):
Goods that have entered the ree zone but aremissing are subject to customs duties and any tax thatwould have been due at the time they entered thezone.
Goods that leave the ree economic zone to entera dierent customs territory o Albania and arenot destined or transit in another state are in reecirculation only i tax liabilities are satised as i thegoods were imported goods.
Goods that are produced in the ree zone and thevalue o any components produced in the ree zonemust be deducted rom the value to calculate thetaxable base or customs duties purposes. Othertaxes, such as VAT, are calculated based on the ullvalue.
Goods or personal use that enter the ree zone aresubject to customs duties and other taxation.
Tax treaty news
Albania has continued to make progress in expanding itstax treaty network during the rst hal o 2009.
A treaty signed with Singapore on 28 May 2009 stillmust be ratied beore it can enter into orce.
Tax Newsletter
Deloitte Central Europe

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