Skip to main content Skip to search

Tax Services

VAT and other Indirect taxes

Any business buying, selling, investing or employing staff is confronted with indirect taxes. The increasing popularity of VAT and other indirect taxes dominates the global environment. With the complications from the new regulations and capital requirements, it is more critical than ever to manage your indirect taxes with an eye toward optimising cash flow and reducing risk.

The value of our indirect tax services builds upon the skills of our local team and the strength of our global indirect tax network. By combining our knowledge of the legislation, we can offer tailored solutions on VAT and other indirect taxes based on your needs and circumstances.

Our Services:

  • Identification of potential risks and opportunities through a diagnostic VAT review.
  • Assistance in designing the strategy for indirect taxes so as to manage their impact on the company’s financials, risk portfolio and organisation.
  • Assistance in obtaining VAT refunds.
  • Support during indirect tax audits and enquiries.
  • Support in resolving indirect tax disputes.
  • Information on relevant legislation, and advice on the indirect tax treatment of complex transactions.
  • Assistance with developing internal tax capabilities by delivering trainings to tax and commercial invoicing

Corporate Tax

Our team provides customized solutions to your specific individual needs and objectives, while keeping you informed of relevant changes in the tax and legal landscape. This allows us to maximise your cost effectiveness and manage your full compliance with changing regulations.

Our Services:

  • Advice on corporate tax issues that may affect your business.
  • Review of taxable income, taxable expenses, and key factors driving the current effective tax rate, and design of strategies to reduce the effective tax rate.
  • Advice on international invoicing of goods and services, including advice on creation and taxation of permanent establishment matters in Albania and abroad, and application of withholding tax.
  • Assistance with applications for withholding tax exemptions.
  • Design of effective and tax-efficient structures for domestic and international investments, both pre and post-transaction.
  • Review of existing strategies and business structures for purposes of tax savings recommendations.
  • Support and advice during a tax audit, and assistance with tax disputes.

Bookkeeping and Accounting Services

  • Initial set-up of accounting database and chart of accounts in accounting system
  • Bookkeeping in accordance with National Accounting Standards (NAS), International Financial Reporting Standards (IFRS) and group accounting policies
  • Managing financial reporting on group level
  • Preparing monthly or annual reports for management and group reporting purposes as well as local authorities
  • Preparing annual financial statements in accordance with NAS or IFRS
  • VAT declaration
  • Computing from gross to net (or vice versa) of monthly salaries and related contribution charges and personal income taxes
  • Preparing and filing of monthly payroll related tax returns (i.e. social and health contributions and personal income tax) as well as any other filing associated with the payroll function
  • Preparing of all bank documents related to the payments of the salary.

MANAGING YOUR FINANCES

Management accounting focuses on the measurement, analysis and reporting of information that can help managers in making decisions to fulfil the goals of an organization. In management accounting, internal measures and reports are based on cost-benefit analysis, and are not required to follow the generally accepted accounting principle

TAXES AND EXPENSES

Tax accounting in the United States concentrates on the preparation, analysis and presentation of tax payments and tax returns. The U.S. tax system requires the use of specialised accounting principles for tax purposes which can differ from the generally accepted accounting principles (GAAP) for financial reporting.

INVESTMENT AND RETURN

Depending on its size, a company may be legally required to have their financial statements audited by a qualified auditor, and audits are usually carried out by accounting firms.