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Albania: Tax developments in response to COVID-19

General Information

This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).

The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.

Date accurate as of: 24 June 2020

Income taxes:

  • Legal entities and other taxpayers registered for Corporate Income Tax (CIT) purposes would be entitled to submit the Annual Financial Statements of 2019 by 31 July 2020.
  • Taxpayers having realized an annual turnover less than ALL 14 million will not be obliged to pay any CIT advance payments for the year 2020.  
  • The CIT advance payments for 2020 for taxpayers having realized an annual turnover exceeding ALL 14 million would be due for payment during April –September 2021. This relief will not be applied for CIT registered taxpayers operating in the sectors of banking, telecommunication, trade of pharmaceuticals, groceries/vegetables, tourism, inward processing regime and call center activities.

Other corporate direct and indirect taxes:

  • The deadlines for declaration and payment of value added tax, withholding tax, payroll taxes and contributions and local taxes remain unchanged.

Simplified tax for small businesses:

  • Taxpayers registered in the category of small business will not be obliged to pay the advances of simplified tax for small business for the financial year 2020. In an earlier change of the Law on Local Taxes, the installments for local tax of small businesses were due by 20 October 2020 and 20 December 2020.

Additional information regarding employment-related measures, economic stimulus measures and other measures.