News & Events
The Council of Ministers of Albania has adopted its decision no 399, dated 03 May 2017 (“DCM 399”), which provides for the minimum monthly salary in Albania to be determined at the amount of ALL 24,000 (twenty four thousand Albanian lek). The latest minimum monthly salary in Albania amounted ALL 22,000.
The Albanian parliament has approved on 31 March 2017 the law no 33/2017 the law “On the removal of tax liabilities, the custom duties, and the removal of circulation of the vehicles of transport, following the removal and remission of the tax liabilities”. The new law provides for the removal of certain unpaid tax obligations […]
The prestigious Chambers and Partners have released and published their Chambers Europe 2017 rankings. Tashko Pustina has been ranked as one of leading firms for Albania for 2017. Ranking and highlights can be viewed at: http://www.chambersandpartners.com/Europe/firm/133443/tashko-pustina-attorneys
20-07-2016 – Kosovo: New Bankruptcy law published with the Official Gazette. Kosovo’s New Bankruptcy Law (05/L – 083) was published in the Official Gazette no. 23 dated 07 July 2016 and will enter in force 15 days after its publication i.e. on 22 July 2015. Compared to the previous legislation (Law No. 2003/4 on Liquidation […]
The Albanian Government through the Minister of Finance has announced today [14 June 2016] that it is working on a draft law on the amnesty of any tax and custom obligations, including penalties and payable interests for businesses for the years 2008-2011, for as long as at least 70% of the principle obligations are paid […]
The Albanian Ministry of Finance with its Instruction no 13, dated 17 May 2016 has amended the Instruction no 5, dated 30 January 2015 “On the value added tax”, providing thereof that financial services under the Law no 92/2014 “On the value added tax in Albania” shall be VAT exempt, regardless the supplier being a […]
The amendments of the Albanian Labour Code, approved with the Law 136/2015 in earlier 2015, shall come into force and full effect as of 23 June 2016. The amendments among other matters, introduce certain novelties such as: the temporarily employment of foreign citizens in Albania; the establishment of the temporary work agency; and the parental […]
The law no 66/2015, dated 14.07.2015 “On the amnesty of the penalties on the failure to duly settle the mandatory social and health contributions from legal entities and physical persons” (the “Amnesty Law”) has entered into force on 31 July 2015. The Amnesty Law provides the rules and regulations on the amnesty provided for legal […]
The Albanian Investment Development Agency has announced the most recent initiative of the Government of Albania for Technical and Economic Development Areas (TEDAs). The initiative aims at private sector developers to obtain, develop and operate three fully serviced areas, located in Koplik, Spitalla and Vlora regions. More information at: http://aida.gov.al/?p=5881
The new tax treaty between the Republic of Albania and Republic of Kosovo, approved with the Law 62/2014 has entered into force on 11 March 2015. Its effects will start as of 1 January 2016. Copy of the Treaty: http://www.qbz.gov.al/botime/fletore_zyrtare/2014/PDF-2014/109-2014.pdf
Tashko Pustina and DLA Piper partner Andrea Gunst (ACC/ILO European Counsel of the Year 2013 [Regulatory]) advise the renewable energy producers in Albania, and Albanian Energy producers Association (AREA) in connection with certain legal and regulatory matters concerning the renewable energy producers’ interests and the most recent dispute on the energy price in Albania.
Tashko Pustina advised a world leader aircraft manufacturer in its successful bid to supply to the Albanian state through the Ministry of Health an aircraft for medical purposes. The contract was successfully concluded in December 2014, and the aircraft was delivered to the Albanian Government.
The Albanian Parliament approved earlier in November 2014 the new 2015 Fiscal Package, which entered into force on January 1, 2015. One of the major highlights of the 2015 Fiscal Package is the increase from 10% to 15% of the individual person income tax, which excludes salary related incomes, and includes other personal incomes such […]
Tashko Pustina successfully advised throughout 2014 a group of Albanian banks in their project for the financing of an existing syndicated senior loan amounting over EUR 30 million. The financing documents were successfully closed by the end of 2014.
As of 1 August 2014, the minimum and the maximum wages for the purpose of the calculation of the social security contributions in Albania has been changed. The minimum base has been increased from ALL 19,026 to 19,406 and the maximum threshold wage for the calculation of the social security contributions has increased from ALL […]
Tashko Pustina – attorneys advised Albanian’s largest fix telecommunication operator ALBtelecom sh.a. (“ALBtelecom”) on its recently announced Merger with its fully owned subsidiary EAGLE Mobile sh.a. (“Eagle Mobile”). Partner, Flonia Tashko – Borici led the legal team in the transaction, which was announced in February 2013. The Merger will aim at offering better services to […]
Tashko Pustina now operates in Albanian speaking territories and its practice continues to grow in the region. As of July 2012 Tashko Pustina has a fully operational Office in Prishtina – Kosovo with at least 8 qualified staff of partners and associates. Kosovo’s post independence and its emerging economy is stimulating demand for specialized lawyers […]
Tashko Pustina in consortium with Deloitte Central Europe (the “Consortium”) have been awarded by Kosovo’s Privatization Agency in Prishtina (“PAK”) the tender for the Provision of the Professional Services for the Liquidation of a Portfolio of Socially Owned Enterprises in the Republic of Kosovo. The Contract for the Provision of Professional Services between the Consortium […]