Dear taxpayers!
We would like to bring to your attention that until September 30 You can take advantage of the 81% tax rate on undistributed profits realized in 2017 and earlier years.
In implementation of Law No. 8438, dated December 28, 1998 “On Income Tax,” as amended, the dividend tax on undistributed profits realized in 2018, including reserves and capitalized earnings, was applied at the 8% tax rate for payments made on or before August 20, 2019.
Similarly, the 8% tax rate will apply to undistributed profits realized in 2017 and earlier years, provided that the tax is paid by the due date. September 30, 2019.
Warning! If you do not pay the dividend tax for 2017 and earlier years by September 30, the tax rate will be 15.1%.
The General Directorate of Taxation will continue to send reminders and information to taxpayers in every revenue bracket regarding tax legislation and procedures.
Source: taxes.gov.al