Contabilidade e regras contábeis na Albânia

Accounting Rules

Tax Year

The fiscal year in Albania is the calendar year.

Accounting Standards

Since 1 January 2006, a new law on accounting and financial statements has been adopted. Albania now uses the international financial standards (IAS and IFRS).

Accounting Regulation Bodies

Ministry of Finance

Accounting Reports

Accounting reports must be in Albanian and figures must be in Leks (ALL). The report must include the balance of payments, the assets and liabilities of the company, and an annex describing general accounting recommendations. For more information see Investment in Albania.

Publication Requirements

National Accounting Standards (NAS) and International Financial Reporting Standards (IFRS) apply for certain companies, effective January 1st, 2008. Financial Statements must be submitted annually. For more information see the National Center for Business Registration.

Professional Accountancy Bodies

IEKA , Instituti i Ekspertëve Kontabël të Autorizuar të Shqipërisë (Albanian Institute of chartered accountants and auditors)
IKM , Instituti i Kontabilisteve te Miratuar

Certification and Auditing

The audit of the annual financial statements by chartered individual auditors or auditing companies is mandatory for:
- Companies that apply the IFRS, irrespective of their legal form;
- Joint stock companies that apply the National Accounting Standards for financial reporting;
- Limited liability companies that apply the NAS at certain conditions.

For more information see Investment in Albania. You can also contact chartered individual auditors: Tonnuci and Partners, Wolftheiss, KPMG, Deloitte, Ernst & Young, Boga & Associates.

Accounting News