VAT refunds, reference prices remain top barriers for businesses, survey shows

TIRANA, Dec. 13 – VAT refunds, ongoing reference prices at customs points and relations with the tax administration are some of the key concerns businesses face in Albania, according to a recent survey conducted by Albania Investment Council, an advisory body serving as a linking bridge between the business community and the government set up in 2015 with support by London-based European Bank for Reconstruction and Development. While legal changes have made VAT refunds automatic within 30 days for businesses exporting more than 70 percent of their total sale value as of mid-2016, only 11 percent of businesses said the…