Legal person 2 to 5 million

A legal person is a trade company that prefers to do business as a legal person and not as an individual natural person; drafts the Articles of Association as a legal person/individual or with other legal persons/individuals; and takes responsibilities regarding the liabilities arising during the conduction of the activity involving all business assets.

The legal person is registered as such at the National Business Centre.

If a legal person has an annual business turnover from 2 to 5 million ALL, he shall be subject to VAT and shall be obliged to declare and pay the VAT; health care and social security contributions; Income Tax from Employment; Withholding Tax (if he falls under such tax liability), as well as the obligation to declare the Simplified Profit Tax. The Simplified Income Tax for this category is 0%.

If you are registered or want to be registered as a legal person, with an annual business turnover between the range of 2 to 5 million ALL, please refer to the following brochure and video for more information on your tax rights and liabilities.