Tax payment for individuals

The following information is valid and applicable until December 31, 2023, following the entry into force of the new Law No. 29/2023 On Income Tax. Please browse our website for more details and updated information at: https://alprofitconsult.al/tatime/

Tax Rates

The difference between the total gross income, less deductible expenses, and income from employment constitutes the individual's taxable income, which is taxed at a flat rate of 15%%.

On this basis, with a tax rate of 15%, the calculated tax amount is determined for all types of taxable income, excluding the calculated tax, for taxable income from employment

Income from employment relationships is taxed according to the table below:

Every employer who pays a stipulated wage or remuneration is obliged to calculate and withhold personal income tax (employment income) at source.

The tax amount, as calculated, is added to the tax calculated on the salary and the taxes paid during the tax period, documented by the withholding agent of these taxes, are subtracted.

Read also instructions on how to complete the individual annual declaration form. https://alprofitconsult.al/tatime/individ/deklarimi-dhe-pagesa/formulari-i-deklarimit/

Tax payment deadline

If the annual tax return shows that the taxpayer must:

• to pay tax, based on the “Total due” line of the individual annual income statement,
• The individual submits the “Individual Income Tax Payment Order” form to the bank.

Caution:
Tax payment must be made no later than April 30th.

Source: General Directorate of Taxes.