- AmCham raised concerns with the tax administration about burdensome VAT refund procedures and penalties for sales below cost, especially affecting investors in tourism, industry, and other sectors.
- Businesses face financial strain due to delayed VAT refunds during the investment phase, sometimes covering up to 20% of investment value.
- The Director General of Taxes, Ilir Binaj, stated that most VAT refund requests are processed quickly, with only a small portion subject to additional control, and no refunds are refused if documentation is complete.
- Binaj discussed the upcoming “Fiscal Peace” initiative, which will allow businesses to avoid tax controls if they fulfill their fiscal obligations, starting January 1, 2026.
- From January next year, tax controls will increase in the construction sector, focusing on preventing undeclared salaries and fiscal informality.
Source: albaniandailynews.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Albania"
- World Bank Warns Fiscalization May Raise Administrative Burden and Costs for Albanian Businesses
- Summary of 2026 VAT Law Changes for Albanian Farmers: Compensation, Eligibility, and Payment Procedures
- Albania: Rules for Storing, Converting, and Retaining Fiscal Receipts and Transaction Data
- New Study Proposes Targeted VAT Cut on Basic Goods to Ease Prices in Albania
- Albanian Draft Budget 2026 Approved, Includes 10% VAT Compensation for Farmers
