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income statement deadline postponed

The General Directorate of Taxes has recently brought to attention a very important obligation for individuals in the Republic of Albania who have relatively high incomes. They must submit an individual statement of annual income. Lately we have been notified that the annual income statement deadline postponed.  As a reminder, the persons who have the obligation to submit this statement are:

  • Individuals, resident in the Republic of Albania who during 2020 have realized income, from all sources, inside and outside Albania, in the amount of 2,000,000 (two million) ALL and more
  • Non-resident individuals, who realize taxable income, with source in the Republic of Albania, in the amount of 2,000,000 (two million) ALL and more.
  • Recently, this obligation is also held by resident or non-resident individuals, who have been employed by more than 1 (one) employer (double-employed persons) despite the fact that their total income during this calendar year is below 2,000,000 (two million) ALL.

The submission of the annual individual income statement of 2020 to the tax administration and the payment of the obligation will be realized by June 30, 2021.

The administrative sanctions that can be applied in case of non-delivery within the deadline are forgiven, provided that the submission of the declaration and the payment of the obligation are completed by June 30, 2021.

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