Albania vat: Amendments to the Albanian VAT law

Amendments to the Albanian VAT law dated 12 May 2009 include a new option to treat a rental supply of a building as an exempt or a taxable supply. While previously this was considered a taxable supply, a taxable person can now submit an application to the tax authorities requesting that the supply be treated as exempt or taxable. The request must be in writing and submitted to the Regional Tax Directorate where the taxpayer is registered and the application must include details about the lease (e.g. identity of the parties, tax identification number, address, etc.).