As a support measure against the consequences of Covid-19, small businesses with revenues between 5 and 14 million lek will not pay corporate income tax in 2020 (which is 51%); businesses with revenues up to 5 million lek are legally exempt from corporate income tax.<\/p>\n
The Normative Act on amendments to income tax provides that \u201cfor taxpayers with turnover up to 14,000,000 (fourteen million) lek\u00eb, the installments of the 2020 corporate income tax prepayments shall not be paid.\u201d<\/p>\n
For large businesses, an extension is provided until September 2021, but not a waiver. Exceptionally, under the provisions of Article 30 \u201cAdvances\u201d under this law, for taxpayers with turnover exceeding 14,000,000 (fourteen million) lek, the installments of corporate income tax for the tax periods of the second and third quarters, April\u2013June and July\u2013September 2020, will not be prepayable. The payments for these installments are postponed to the April-September 2021 period.<\/p>\n