Albania's Council of Ministers reportedly approved amendments on 22 July 2020 to increase the VAT registration threshold from an annual turnover of ALL 2 million to an annual turnover of ALL 10 million. The amendments also provide that voluntary registration is allowed for taxpayers below the increased threshold if their annual turnover is at least ALL 5 million.
Further, the new threshold applies for taxpayers that are currently required to register for VAT regardless of the annual turnove…