Amendments to the DCM no. 953 “On implementing provisions of Law No. 92/2014 on VAT”

Pursuant to the decision no. 576, dated 22.7.2020 for some additions in the decision no. 953, dated 29.12.2014, of the Council of Ministers, “On implementing provisions of Law No. 92/2014, ‘On Value Added Tax in the Republic of Albania’”, as amended, published in the Official Gazette no. 139, dated 29.07.2020, starting from January 1st, 2021, the minimum VAT registration threshold is of 10,000,000 (ten million) ALL in a calendar year, including categories such as: freelance professions and agricultural producers. The taxable person has the right to choose to apply the normal VAT regime, if the annual turnover threshold is greater than 5,000,000 (five million) ALL.