The Ministry of Finance and Economy has issued Directive No. 19, dated July 9, 2019. “On the supervision of non-profit organizations for the prevention of money laundering and the financing of terrorism,” which regulates the procedures followed by the tax authorities, as the supervisory body, for the control of the activities of non-profit organizations (NPOs), with the aim of preventing their use for money laundering or terrorist financing.
You can find this Directive in the Legislation / Tax Procedures menu on the Tax Administration's website.
The directive aims to unify and establish modern standards to ensure accuracy in the exchange of information between the General Directorate of Taxes (GDT) and the General Directorate for the Prevention of Money Laundering (GPDML), with the aim of identifying cases of suspected money laundering or terrorist financing by NGOs.
The guidance includes, as an annex, the indicators of terrorist financing risk related to the NGO sector.
You can download the Guide from the Tax Administration's website at the following link: https://www.tatime.gov.al/shkarko.php?id=6345 and in the Official Gazette: https://bit.ly/2ka2f84, while taxpayers have also been notified through their e-filing account.
Source: General Directorate of Taxes.
