TaxEng

Tax

At Crowe we aim in combining understanding of tax governance, specialist skills and deep industry knowledge in helping our clients realize planning opportunities and meet their compliance responsibilities.  

Tax Changes 2019

A Summary on tax amendments effective
from 2019 in Albania
Tax Services
International Tax 
Corporate Tax
Individual Tax
Transfer Pricing
Bookkeeping and Compliance
International Tax 
  • Restrictions, advantages, application scope of Double Tax Treaties;
  • Assistance with DTT application;
  • Implications linked the application of bilateral or multilateral treaties regarding information exchange matters;
  • Consultancy and assistance on tax issues regarding foreign permanent establishments
  • Application of OECD provisions regulating cross-border income flows;
  • Analysis and further investigation of tax variables impacting strategic and business choices of multinational groups;
  • Analysis and exploration of tax issues and relevant implications relating to extraordinary cross-border operations within Albania or Albanian companies operating abroad.
Corporate Tax
  • Review of corporate tax issues and assistance in annual tax return preparation
  • Assistance in tax audits and litigation; 
  • Corporate tax compliance, including preparation of corporate and withholding tax returns;
  • Permanent establishments and related tax implications;
  • WHT review and declarations;
  • Tax implications from liquidations;
  • VAT compliance services including assistance with the VAT registration procedure and preparation and filing of VAT returns;
  • Reviewing the VAT and excise compliance status of companies
  • Providing VAT, customs duties and excise advice on a need basis;
  • Supporting businesses subject to tax audits or other investigations by tax or customs authorities

 

Individual Tax
  • preparation of individual tax returns
  • advice on impact of changes in tax laws
  • consequences of changes in compensation programs or practices
Transfer Pricing
  • Drafting of relevant documentation (Masterfile, Local file and country by country reporting) according to relevant regulations;
  • Preparation of Annual Controlled Transactions Notice;
  • Examination and definition of corporate policies related to transfer pricing;
  • Valuation of selected TP methods and verification of their application;
  • Valuation and implementation of “alternative” TP methods;
  • Assistance in the initiation of international ruling procedures;
Bookkeeping and Compliance
  • Bookkeeping according to the information provided by the client
  • Preparation of periodic management reports in accordance with the client’s standards
  • Year-end close and preparation of financial statements according to International Financial Reporting Standards (IFRS) or National Accounting Standards (NAS)
  • Communication with the tax authorities or client’s auditor
  • Preparation of annual corporate income tax returns
  • Preparation of WHT returns
  • Preparation of VAT returns and sales/purchase VAT books
  • Preparation and submission of reports to the National Business Center
  • Personal income tax and social security compliance returns