The tax administration informs the taxpayers that the normative act no. 18, dated 23.04.2020, which changes the Law no. 8438, dated 28.12.1998 “On income tax”, has been amended.
According to the amendments to this Law:
The installments of the prepayments of the Profit Tax of 2020 will not be paid for the taxpayers with turnover up to 14 000 000 (fourteen million) ALL, subjects of the Profit Tax.
The deadline for payment of installments of Profit Tax is extended for the second and third quarter, April-June and July-September 2020, for Taxpayers with a turnover of over 14,000,000 (fourteen million) ALL. Payments of these installments are postponed to April-September 2021. Taxpayers who carry out economic activities in the field of banking, telecommunications, trade in pharmaceuticals, food products and fruits and vegetables do not benefit from this exemption.
The deadline for payment of profit tax installments for tax periods April-December 2020 for taxpayers who carry out economic activities in the field of tourism and active processing with ordering material and call center is postponed. Payments for these installments are postponed to April-December 2021.
The deadline for submission to the tax administration and the payment of the obligation, if it results, of the individual annual income statement for 2019, for individuals, is postponed. The new deadline is no later than July 31, 2020.
The normative act no. 18, dated 23.04.2020 has been published in the Official Gazette no. 73, dated 24.04.2020.
You can get acquainted with the Law no. 8438 dated 28.12.1998 “On income tax”, amended at https://www.tatime.gov.al/c/6/447/451/tatimi-mbi-te-ardhurat.