WB6 IIP
Western Balkans Six
Investment Incentives Platform
The Western Balkans Six Investment Incentive Platform is the first of its kind in the region, providing detailed information on available incentives in each of the WB6. It is one of the key measures under the Regional Investment Area, which is part of the Common Regional Market Action Plan 2021-2024.
Developed with input from Investment Promotion Agencies (IPAs) across the region, the platform includes both financial and non-financial incentives, categorized by type, sector, and target audience.
It provides comprehensive information for investors looking to invest in the WB6. As an evolving resource, the platform will be updated every six months to ensure it remains current and relevant.
Value Added Tax (VAT) Reimburcement
- Economy name
- Albania
- ID
- A34
- Incentive name
- Value Added Tax (VAT) Reimburcement
- Brief description
- In addition to the previous VAT incentives, the Law on VAT in Albania (92/2014) allows VAT reimburcement
- Legal reference name
- Law No. 92/2014 dated 24.07.2014 "On VAT in Albania"
- Legal reference
law section / article -
Article 77 Reimbursement of VAT
1. A taxable person requests a refund of the excess of the VAT tax credit
if:
a) the taxable person has carried the excess of the deductible VAT for 3 consecutive months,
according to points 2 and 3, of article 76, of this law; AND
b) The VAT requested to be refunded exceeds the amount of 400,000 (four hundred thousand)
lek.
2. For cases where in the financial agreements ratified by the Assembly or in
grant agreements approved by the Council of Ministers provide for the non-use of
foreign financial resources to pay taxes and duties, including or not tax on
value added, the value added tax paid is refunded to foreign financiers by the system
of the treasury, within 30 days, according to the rules set by the Minister of Finance. Tax on
Law no. 92/2014, dated 24.07.2014, "On VAT"
31
added value for the import of military materials for the Armed Forces, donated by
member countries of the NATO Alliance or partners, is paid as a local cost by the Ministry of
Protection.
3. Exporters have the right to request a refund when their surplus exceeds the amount
400,000 (four hundred thousand) ALL. The Council of Ministers determines the category of exporters, according to
of this article.
4. Within 60 days from the date of submission of the taxpayer's request and within 30
days from the date of submission of the request of exporting taxpayers, the regional directorate e
of taxes verifies the tax situation of the taxpayer, exercises control based on the risk analysis
and approves the credit balance as refundable. Payment of the credit balance of
refundable is carried out within 5 days of approval, through the treasury system. The director of
General of Taxes, for reasonable reasons, at the request of the director of the regional directorate
tax, has the right to postpone the deadline for checking and approving the credit balance for one
taxpayer up to 60 days. The tax administration, before processing a request for
refund of VAT to a taxable person, has the right to compel that person to prove
that the purpose of the economic activity is the realization of taxable transactions, which give it
the right to deduct VAT.
5. The Minister of Finance determines with an instruction the manner of implementation of the provisions of this
- Incentive group
- Financial
- Incentive category
- Value Added Tax (VAT)
- Economy-wide/Sector-specific
- Economy-wide
- Sector (Simplified)
- All sectors
- Sector (NACE)
- N/A
- Size of firm that can use incentive
- All sizes of firms
- Level at which incentive is available
- Economy-wide
- Ownership of firm that can use incentive
- Any
- Incentive location
- General
- Main objective of the incentive
- Increase competitiveness
- In case of grant, share of grant in investment (in %)
- Contact Info
- Street "Dëshmorët e Kombit" Nr.3, Tirana 1001
- Weblink to Incentive information in English
- Weblink to Incentive information in local language
- Click to open
- Eligibility criteria
description -
Exporters have the right to request a refund when their surplus exceeds the amount
400,000 (four hundred thousand) ALL. The Council of Ministers determines the category of exporters, according to
of the respective article of the Law.
- Eligibility criteria
weblink - Click to open
- Awarding Authority (Name)
- Ministry of Finance, General Directorate of Taxes and Council of Ministers
- Application procedure + Weblink (where available)
- The official requests must be submitted to the General Directorate of Taxes with all additional documents.
- Implementing Authority (Name)
- Ministry of Finance, General Directorate of Taxes and Council of Ministers