The Difference in Salaries between the Construction Industries of Wales and Albania Essay

Civil Law

• The Albanian civil codification is used.

Labour Law

• The minimal pay in building workers is Lek 40.000.
• The Albanian Labour Code, the normal day-to-day working hours does non transcend 8 hours, and the normal hebdomadal working hours should non transcend 40 hours ; and the upper limit of 50 hours a hebdomad and a maximal per twenty-four hours is 10 hours.
• A worker can work overtime when required and is approved by the employer. The rate for overtime is +25 % . The Albanian Labour Code, states the employer is paid double during the vacations.
• The employer is obligated to document the start, continuance and interruptions of the on the job yearss of the employee’s. These records are to be kept for at least 5 Old ages. www.antea-int.com/pubs/d41d34_ % 20ANTEA.pdf
  • Note: The records are to be easy accessible and held in the building company’s archive. The employees’ contracts should be accessible at any clip along with the employer should be able to turn out each employee’s salary- , societal security- , pension- and wellness insurance- payments.
  • If the employer is uninsured, the company is penalized and so he/she instantly begins the insurance processs. The punishment varies from Lek50.000 to Lek1million. www.antea-int.com/pubs/d41d34_ % 20ANTEA.pdf

Tax Law

• Mentioning to the Albanian revenue enhancement jurisprudence, continuance of building varies from 2-5 old ages This depends on the
• Volume of building work. Once the building license has been granted, a lower limit of 2 old ages is www.antea-int.com/pubs/d41d34_ % 20ANTEA.pdf
• Required to construct a little building object and a upper limit of 5 old ages for a big building object. www.antea-int.com/pubs/d41d34_ % 20ANTEA.pdf
• VAT is 20 per centum.
• There is a building keep backing income revenue enhancement of 2-5 per centum. www.antea-int.com/pubs/d41d34_ % 20ANTEA.pdf
• There is a 21 % revenue enhancement which is paid on the societal and wellness insurance of the building employer

Trade Law

• A licence is compulsory for a house to be involved in building work in Albania. The licences are renewable for the house and the applied scientists. www.antea-int.com/pubs/d41d34_ % 20ANTEA.pdf The latter have the right to acquire their licences www.antea-int.com/pubs/d41d34_ % 20ANTEA.pdf renewed for the period of 5 Old ages. Licenses can non be issued for persons. www.antea-int.com/pubs/d41d34_ % 20ANTEA.pdf.They can be issued merely after the person is hired by a building company. www.antea-int.com/pubs/d41d34_ % 20ANTEA.pdf

Accounting Principals

• In general the completed contract method is used.
• Percentage of completion is used merely for undertakings which are to be partly accepted www.antea-int.com/pubs/d41d34_ % 20ANTEA.pdf
• The building site is evaluated with its fabrication cost ( including production-related operating expenses ) www.antea-int.com/pubs/d41d34_ ANTEA.pdf

Other considerations

Important web sites for invitation of terndes in Albania are:

www.mppt.gov.al/

http/km.gov.al

hypertext transfer protocol: //www.minfin.gov.al/

hypertext transfer protocol: //www.globaltenders.com/tenders-albania.htm

hypertext transfer protocol: //tenders.hellotrade.com/albania/