New Administrative Instructions on the Implementation of the Law on Corporate Income Tax
Instructions on the Implementation of the Law
KPMG's Tax News outline and highlight legislative changes and trends in the area of tax.
Following the approval of Law No. 05/L-029 on Corporate Income Tax and Law No. 05/L-028 on Personal Income Tax, the Minister of Finance has approved the final version of Administrative Instruction No. 02/2016 and Administrative Instruction No. 01/2016 dated 15 March 2016 on their implementation.
The new Administrative Instructions clarify and specify the provisions in the Law on Corporate Income Tax and the Law on Personal Income Tax as described in KPMG's Tax News of October 2015.
However, the Administrative Instruction on the Implementation of the Law on Corporate Income Tax does not include the obligations related to transfer pricing as presented in the draft document. It is not clear if a specific Instruction will be introduced in relation to transfer pricing obligations. KPMG shall immediately notify you about any change in this regard.
The above Administrative Instructions entered into force seven days after the date they were signed, i.e. 21 March 2016.
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