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The General Directorate of Taxes informs taxpayers that as of January 1, 2021, with the entry into force of Council of Ministers Decision No. 576 date 7/22/2020; which changes the taxpayer bracket for the VAT regime and results, under the turnover threshold of 10,000,000 (ten million) lekë in a calendar year until January 31.2020, and have unsold stock (inventory) or capital goods, other assets used for the activity, for which the VAT on these goods was fully or partially deductible, the taxable person is required to adjust the VAT on these supplies.
Therefore, the VAT accrued (VAT credit balance) as of December 31, 2020, will be declared by the taxable person on the VAT return and payment form for the month of December 2020, specifically in section 50 “Adjustment of deductible VAT.”
If the taxpayer has not filled out section 50 “Adjustment of Deductible VAT” on the December 2020 declaration, then the adjustment of the deductible VAT will be carried out by the DRT.
For more information, you can contact the Taxpayers' Service. https://www.tatime.gov.al/c/9/157/drejtorite-rajonale, call the toll-free green number 0800 00 02 at the Call Center, as well as use the Live Chat service on the official DPT website.
Source: General Directorate of Taxes.
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