The General Directorate of Taxes informs taxpayers that as of January 1, 2021, the Council of Ministers' Decision No. 576 date 7/22/2020, which changes the bracket for taxpayers who are required to declare and pay VAT.
Based on this Decision:
- All existing taxpayers who, for the year 2020, have realized annual revenue equal to or greater than 10 million lek, They are required to declare and pay VAT. Regardless of whether the taxpayer is registered for Corporate Income Tax (CIT) or Simplified Corporate Income Tax (SCIT):
- The VAT declaration and payment will be on a monthly basis and must be made by the 14th of the month following the reporting period.
- The declaration of the Sales and Purchase Books will be monthly, with a deadline by the 10th of the following month.
- For taxpayers who have realized turnover less than 10 million lek For the full calendar year 2020, the automatic deregistration from VAT tax liability will be carried out, effective December 31, 2020.
Registration will not be automatically canceled for the following categories:
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- Taxpayers who made at least one import during 2020. These taxpayers will continue to be part of the VAT scheme and if they previously filed and paid VAT on a quarterly basis, Starting with the January 2021 period, they will continue on a monthly basis, by the 14th of the following month, to file returns, sales and purchase books, and make VAT payments.
- Taxpayers who as of December 31, 2020 have a passive status. For this category of taxpayers, deregistration from VAT liability or its update will be carried out according to procedures established when the taxpayer becomes active.
- Taxpayers who during 2020 had annual turnover of 5 to 10 million lek and did not make any imports.. For this category of taxpayers, the right to register VAT liability will apply, based on their voluntary declaration:
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- The taxpayer will be invited via a pop-up notification and in the "My Notifications" menu on e-filing to declare their decision regarding whether or not to opt into the VAT scheme.,
- This decision will appear in the My Issues menu, in the “Issue Type” dropdown, where you should select “VAT Tax Liability Declaration.” This gives you the option to choose between the two options that will be displayed: Yes, if you want to be registered for VAT, or no if you will not continue to be registered for this obligation.
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For more information, you can contact Taxpayer Services. https://www.tatime.gov.al/c/9/157/drejtorite-rajonale , call the toll-free green number 0800 00 02 near the Call Center, as well as to use the Live Chat service on the official DPT website.
Source: General Directorate of Taxes.
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