Dear taxpayers,

As of date October 26 You have the legal right to open a bank account!

As of the date October 15 You can declare this information by entering it in your electronic filing account on E-filing.

In the “e-Filing My” menu, select the “My Profile” submenu, and in the “Bank Details” section, follow these steps:

  • In the pop-up window that appears, you need to select the name of your bank;
  • Fill the box with the IBAN details, making sure to record the correct details;
  • Select the currency type in which you have your bank account;
  • Fill Date for which your account is valid;
  • If you wish, you can upload documents proving the opening of the bank account you are declaring.;
  • Your data has been saved, and your declaration has been completed successfully.https://www.youtube.com/watch?v=WATKoM1nNcQ

This procedure is repeated for each account you will declare.

We remind you once again that only individual traders who are not registered for VAT are exempt from the legal requirement to open and declare bank accounts.

Source: General Directorate of Taxes.

About the author

Andi Haxhillari is an economist and the founder of AlProfit Consult, an accounting, tax advisory, and financial management firm in Tirana, established in 2015. He holds the professional title of Certified Accountant, certificate no. 359, issued by the Certification Authority of the Ministry of Finance on July 4, 2012. He graduated with a Master's degree in Accounting and as a General Economist from the Faculty of Economics at the University of Tirana. For more than ten years, he has worked as an external economist for small and medium-sized businesses in Albania.

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