Comparative review of the VAT exemption – Albania, the Region, and the EU member states

Open Data Albania is investigating into the value of exemption from VAT in Albania, the region, and EU countries. Article 117 of the Law on the Value Added Tax provides that taxable persons, who are residents in Albania, and whose annual turnover is under the minimum threshold required for VAT, are subject to the small business regime, benefitting an exemption from the selling VAT for…