Extension of the Deadline for Prepayment of Income Tax Installments for 2020

tatimi mbi fitimin

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In the framework of the measures taken by the Government of the Republic of Albania to facilitate and cope with the consequences of pandemic Covid-19 is also Normative Act no. 18, date 23.4.2020, which has brought some changes and additions to the Law No. 8438, dated 28.12.1998, “On Income Tax”, as amended.

These changes include:

For taxpayers with a turnover up to 14,000,000 (fourteen million) ALL, the prepaid tax installments of 2020 will not be paid.

For taxpayers with a turnover over ALL 14,000,000 (fourteen million), the prepaid tax installments for the tax periods of the second and third quarter, April-June and July-September 2020, will not be prepaid. The payment for these installments is postponed to April-September 2021.

This exception does not apply to taxpayers who operate:
• in the bank sector;
• telecommunications;
• trade in pharmaceutical products;
• trade of food products, fruit and vegetables.

Income tax installments for the tax periods April-December 2020, for taxpayers conducting economic activities in the field of tourism and active processing with ordering material and call center will not be prepaid. The payment for these installments are postponed to April-December 2021.

Annual Personal Income Tax Declaration

The submission of the annual personal income tax declaration of 2019 to the tax administration and the payment of the obligation arising from it, shall be made no later than July 31, 2020.

In summary

 Taxpayers’ categoryPrepayment term
1.Taxpayers subject to corporate income tax with annual turnover > ALL 14 million, except the activities listed below:
• Bank;
• Telecommunication;
• Trade of pharmaceutical products;
• Trade of food products.
Installments of 30th of June and 30th of September, 2020 will be postponed to April - September 2021.
There is no deadline extension for the installment of 30th of December.
2.Taxpayers subject to corporate income tax with annual turnover < ALL 14 millionWill not be paid.
3.Taxpayers subject to simplified corporate income tax with annual turnover from ALL 5 to ALL 8 millionWill not be paid.
4.Taxpayers operating in tourism and active processing with ordering material, as well as call centerInstallments of corporate income tax for the period April-December 2020 will be postponed to April-December 2021.

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