19 Nov

Presentation of AECO office and more with the Austrian Business Comunity

Presentation of AECO office and more with the Austrian Business Comunity

AECO Consulting shpk with the support of the Austrian Economic Office in Albania – Advantage Austria, had a presentation at Rogner Hotel of the services we offer, our cooperation agreement with Confida Austria, and also on the reasons why reputable international investors should work with us.

AECO presentation 1 AECO presentation2

AECO presentation3 AECO presentation4

In addition distinguished guests talked about the advantages of investing in Albania. Vice Minister of Finance, in charge of Fiscal Policy, Mrs. Irena Beqiraj, said that the tax reform in terms of taxation rates is not the main or the fundamental feature that the foreign investors would consider in order to consider investing in a country. A lot of other issues have to be tackled accordingly, such as the already started action against informality which would contribute to fair competition, and better implementation and execution of the laws by the relevant institutional authorities.

AECO presentation5 AECO presentation6

One of our main distinctive features in the consultancy market is that AECO built an outstanding reputation by always working in full legal compliance with local and international laws, applying high quality standards and anti corruption policies. It has been a privilege to work like that in a market where this privilege is reserved mainly to big international consultancy firms with headquarters overseas. We are positive that we will continue to maintain such trend, and also extent our services to formal Albanian businesses, which at some point will be aware that it would be necessary to comply with the rules and legislation, due to the severe actions against informality and tax evasion that the government is undertaking as a positive step towards legal compliance, fair competition in the market and a stronger state budget for a sustainable future of the country.

AECO presentation7 AECO presentation8 AECO presentation9 AECO presentation10 AECO presentation11 AECO presentation12

04 Nov

Conference on better skills for better economy

Conference on better skills for better economy

Venue: Tirana Business Park, November 3, 2015

Organizer: GIZ Albania

The focus of the conference was on the most needed professions in Albania. Discussion on the need to shift education from Universities to vocational training, in order to better serve the business needs for qualified workers, especially the needs of the foreign investors interested in working in Albania, taking into account one of the competitive advantages of the Albanian market economy, that of still low cost labor force.

Identification of specific needs and integration into the future plans for vocational training of all the interesting stakeholders, adding to that the existing political will to assist the process, will serve also the necessity to have a rank of the most needed professions in Albania. That ranking on the other hand will help the young workforce to better position themselves when selecting the relevant education and training for ensuring better compatibility with the labor market requirements.

The most needed professions 5The most needed professions 2The most needed professions 4The most needed professions 1

03 Nov

Mittelosteuropa Wirtschaftstag Berlin, 02 November 2015

Mittelosteuropa Wirtschaftstag Berlin, 02 November 2015

Venue: Deutcher Industrie und Handelskamer Berlin

It was interesting to see the presentations of the Central East European countries of Slovenia, Slovakia, Poland and Czech Republic,   with in focus the economy and business development. These countries have identified themselves as a unique group growing faster towards West Europe, rather than the other South-East European countries (Bulgaria, Rumania) or the Balkan Region countries.  They offered real well developed competitive advantages such as highly developed nanotechnology (Czech Republic) or automotive sector (Slovakia) or R&D research in general (Slovenia). In terms of fiscal policies and other incentives for foreign businesses they came as a package of tax reliefs and incentives, concentrating their integrated offers to make the whole region attractive to high standard investors such as those coming from Western Europe.

Welcome openingPresentation panel

German and Austrian sustainable businesses, which had already invested in these countries, showed their success stories with associated SWOT analyses and demonstrated assurance that they will continue to remain and continue to invest in these markets.

Company presentationGrant Thornton

01 Nov

‘We are Europe’ Dialog Tag, Albanischer November Essen, 31 October 2015

‘We are Europe’ Dialog Tag, Albanischer November Essen, 31 October 2015

This activity was organized by IDEAL and Honorarkonsulat der Republik Albanien for NRW, Germany,

With the participation of Ministry of Dispora Kosovo, Ministry of Social Wealth fare and Youth, The Ministry for Labor and Social Integration of Nordrhein – Westfalen Land, Albanian Embassy in Berlin, youth participants from Albania and Kosovo living in Germany and in Albania.

Better than words such event can be illustrated by photos.

Sprint meeting - vocational trainingRuhr Museum Essen3Ruhr Museum Essen2Event 9Event 7Event 4

29 Oct

Tax payment forms – now electronically printed!

Tax payment forms – now electronically printed!


Pursuant to the tax reform undertaken in Albania, an important approach is the on line tax declaration, a service which will facilitate the monthly tax compliance work for taxpayers.

As a first step now taxpayers can download the monthly tax payment forms electronically at the General Tax Directorate (GDT) website: www.tatime.gov.al/gdt/.

The procedure

Once you click on the URL above you should enter the Albanian version of the webpage and then on the main page click on the red letters “shkarko formularet” (download forms), and on the page that appears you give your correct VAT number and the forms would be ready to download.

You can easily print the social and health contribution/VAT/personal income tax forms in two copies for each form, fill them in and submit them to the bank, i.e. follow the same procedure as in the past but without going to the tax office to withdraw such forms.

Please be aware that you still have to withdraw the tax on profit payments from the tax administration and also you do not loose the right to withdraw the above forms near the tax office rather than printing them on line.

You can also register your company by clicking on “Register” and giving the required data. This registration will allow you to enter on the area “My taxes” and manage the relevant information there.

A pending  receipt acknowledgement  will come to your email address by the sistem administrator, followed by a confirmation within 24 hours from the receipt of your data.




30 Dec

Tax and Legal December 2013

Tax and Legal December 2013

The Albanian Parliament has adopted a series of amendments to the existing fiscal legislation as well as
introduced new laws in the attempt to support and improve the commercial and business activity in the
country. The following Laws and Instructions have been amended or introduced as new:

  • Law no. 177/2013 dated 28.12.2013 On some changes on Law no. 8438, dated 28.12.1998, “On income tax”, as amended
  • Law no. 178/2013 dated 28.12.2013 On some changes and additions on Law no. 9975, dated 28.7.2008, “On national taxes”, as amended
  • Law no. 179/2013 dated 28.12.2013 On some changes and additions on Law no. 9920, dated 19.5.2008,“On tax procedures in Albania”, as amended
  • Law no. 180/2013 dated 28.12.2013 On some changes and additions on Law no. 61/2012, “On excise taxes in the Republic of Albania”, as amended
  • Law no. 181/2013 dated 28.12.2013 On some changes and additions on Law no. 9632, dated 30.10.2006, “On the local tax system”, as amended
  • Law no. 182/2013 dated 28.12.2013 On some changes and additions on Law no. 7928, dated 27.4.1995, “On value added tax”, as amended
  • Law no. 183/2013 dated 28 December 2013 “On some changes in Law no. 7811 dated 12 April 1994 “On the ratification with some changes of the Decrete no. 782 dated 22 February 2014 “On the tax system in the hydrocarbons’ sector (research and and development”
  • Law no. 184/2013 dated 28.12.2013 On some changes and additions on Law no. 10 383, dated 24.2.2011, “On the obligatory health contributions in Albania”, as amended


More information here