EU & WBs / Albania Energy Investment Updates

EU & WBs / Albania Energy Investment Updates

Presentation of Albanian Centre for Energy Regulation and Conservation - ACERC

ACERC is a think tank centre with focus on the Albania energy market and its integration in the regional IEM. The Acerc mission base on the in-depth knowledge of EU and regional energy law and policy and strives to provide a qualified contribution to the promotion of the liberalization and effective integration as well as efficient use of energy resources.

main activities briefly consists in build-up collaborations and supports to market players in study researches such as the certificate reports, articles and periodicals. The transfer of high expertise through building-up institutional capacities by national and regional training courses, seminars and conferences. The institutional representation and integration within framework of the forum of Albanian School of Regulation.

For more visit us at the Official Website of Acerc | Albanian Energy Market - AEM Group in LinkedIn

Zero taxes for startups in Albania, BY: ÇELIK NIMANI , November 16, 2015

AEI Updates 2015Posted by Adv. Lorenc Gordani, PhD Thu, November 26, 2015 09:22:14

The Prime Minister of Albania Edi Rama announced on a press conference that the government has cut taxes to zero for small businesses whose annual turnover is between 0 – 50.000.000 Albanian LEK, or around 36,400 Euros.

“All businesses that have an annual turnover no more than 36,000 Euros in a fiscal year, will not pay any tax. While any other business that has a turnover between 36,000 – 58,200 Euros (Approximate value), while remain subject to VAT, while the tax on profit while drop from 7.5% to 5%.

Edi Rama promised that the Taxation Authority of Albania will move towards a more modern and friendlier approach, mimicking those that are enforced by modern European countries.

The latest move seems like quite a lucrative approach from Albania in terms of offering a suitable environment for startups and entrepreneurs, especially when the Eastern Europe region is becoming more interesting and countries like Macedonia, Kosovo and others are competing to lure businesses in, and create more jobs.

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