Reminder for correct declaration of employees and wages

AlProfit Consult Accounting Office
For implementation of Plan against Informality, Tax Administration has continued the awareness campaign for the proper declaration of wages, while field verification for unregistered workers continues, specifically in sectors identified as high-risk, such as construction., call center and the garment manufacturer.From the risk analysis of wage levels, 7,200 employers were identified as underreporting the wages of employees in certain well-paid professions, and 13,400 individuals affected by this, including for their future (pension value). The Tax Administration has communicated personally with employer taxpayers and the underpaid individuals themselves to raise awareness of the importance of accurate reporting and self-correction. The Tax Administration's goal is to communicate to employees the benefits they gain from accurately reporting their wages and to make employers aware that failing to declare the actual wage constitutes a violation and is punishable under tax law. The Tax Administration encourages all taxpayers to self-declare correctly and in compliance with the law, assuring you that we continuously monitor declarations and the changes reflected in compliance. For any irregularity for which self-corrective actions have not been taken, we will proceed with the measures provided for by law. The Anti-Informality Plan primarily aims to raise awareness that compliance with the law is an equal obligation for everyone and is in the common good. We will continue to inform all entities and the Albanian citizen with the necessary guidance on correct tax reporting, and we will insist on doing our job to ensure this. Source: General Directorate of Taxes.

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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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