{"id":10308,"date":"2017-12-11T11:36:39","date_gmt":"2017-12-11T11:36:39","guid":{"rendered":""},"modified":"2022-05-06T15:13:42","modified_gmt":"2022-05-06T15:13:42","slug":"comparative-review-of-the-vat-exemption-albania-the-region-and-the-eu-member-states","status":"publish","type":"post","link":"https:\/\/ndiqparate.al\/?p=10308&lang=en","title":{"rendered":"Comparative review of the VAT exemption – Albania, the Region, and the EU member states"},"content":{"rendered":"
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 the goods and services they supply. The exemption from VAT is determined by a decision of the Council of Ministers, and it is currently 5 million Albanian Lek\u00eb.

<\/p>\n

The legislation of other countries in the region, such as Montenegro, Serbia, Kosovo, and Macedonia also recognize an exemption from the VAT based on the companies’ annual turnover. Serbia exempts from VAT enterprises, whose annual turnover is RSD 8 million or Eur 67212. Second comes Albania (exemption as in 2017). The lowest threshold is marked by Macedonia with MKD 1 million or Eur 16269. It is worth mentioning that the threshold is decreased in Macedonia over the two last years from MKD 2 to 1 million.<\/p>\n<\/div>\n


\n <\/span><\/div>\n