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Kosovo: Tax relief measures to address coronavirus (COVID-19) situation

Kosovo: Tax relief measures

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Working in time of COVID-19

Ministry of Finance and Transfers of Kosovo approved on 19 March 2020 relief measures responding to the situation created from COVID-19 in Kosovo. Based on the Decision, the deadline for submission of the tax returns, reports and payment of tax liabilities is extended until 30 April 2020. In addition, any tax refund review and approval procedure will be suspended until 30 April 2020.

The extension of the period is applied for all tax returns due by taxpayers registered as private physical and juridical persons (i.e. legal entities, corporations, employers, non-for-profit organizations or similar). The extension of the reporting deadlines is not applicable for public sector. The extension applies to all tax returns and taxes regulated by the Law on Tax Procedures, Law on Corporate Income Tax, Law on Personal Income Tax and Law on Value Added Tax.

Nevertheless, the Ministry of Finance and Transfers encourages the taxpayers not being affected by the COVID-19 situation to comply by submitting the tax declarations and make tax payments as per the original deadlines if possible.

Through an earlier Decision dated 18 March 2020, the Ministry of Finance and Transfers approved also the postponement of submission of the consolidated financial statements, management report, consolidated management report, audit report on the financial statements of legal entities with Kosovo Council for Financial Reporting as required by the Law on accounting, financial reporting and audit in Kosovo. This deadline is extended until 30 June 2020.

© 2020 KPMG Albania Shpk, an Albanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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