The General Directorate of Taxes, in implementation of Law No. 8438, dated December 28, 1998 “On Income Tax,” as amended; the Minister of Finance's Instruction No. 5, dated January 30, 2006, “On Income Tax,” as amended; and Council of Ministers“ Decision No. 922, dated December 29, 2014 ”On the mandatory filing of tax returns and other tax documents exclusively in electronic form,“ as well as the requirements of Law No. 25/2018 ”On Accounting and Financial Statements," reminds you to submit the profit tax payment declaration and financial statements for the 2018 fiscal year.
To avoid any problems that may arise from system overload during the weekend (March 30 – March 31), The General Directorate of Taxes encourages you to take the necessary measures to file and submit your corporate income tax return and financial statements for the 2018 fiscal year by March 29, 2019, a calendar Friday.
The taxpayer must submit the Profit Tax Return form in the model approved by directive. This form is completed in accordance with the explanatory notes.
Likewise, he submits only electronically to the tax administration the accounting balance sheet together with the financial statements and their annexes, specifically:
- Balance sheet (assets, liabilities, and equity)
- Income and Expense Statement
- Statement of Changes in Equity, Statement of Cash Flows, or Statement of Cash Flow
- Annex for explanatory explanations
Report of the company's authorized expert (when this report is required under Law No. 10091 of March 5, 2009 “On Legal Audit, the Organization of the Registered Public Accounting Profession and the Chartered Accountant Profession,” Article 41 “Legal entities required to undergo a statutory audit of their financial statements,” or in implementing regulations).
The additional documentation required under Law No. 9920 of May 19, 2008 “On Tax Procedures in the Republic of Albania,” Article 60, which will be submitted electronically together with the financial statements, is:
- The lease agreement for the rented premises or the proof of ownership for the property.
- Inventory of goods for sale as of December 31, 2018 (analytical)
- Inventory of owned transportation equipment
- Schedule of material long-term assets
Financial statements (statements of assets, liabilities, and equity), income and expense statement, statement of changes in equity, statement of cash flows, the statement of tangible long-term assets, will be submitted electronically in PDF (scanned) and Excel formats.
Financial statements submitted in PDF (scanned) format must be signed and stamped by the company's administrator.
They will be submitted electronically only in PDF format (scanned): the annex for explanatory notes, the report of the company's authorized expert, the lease agreements for rented premises, the proof of ownership for owned facilities, and the inventory of owned vehicles.
The inventory of goods for sale as of December 31, 2018 (analytical) will be declared in the taxpayer's possible version, provided that the declared version is unchangeable.
For information and assistance, you can visit the Taxpayers' Service counters or call the Call Center's toll-free number. 0800 00 02.