Announcement regarding self-declaration of small business entrepreneurs

Dear taxpayers,

Pursuant to Article 16 of Law No. 9632, dated 30/10/2006 “On local tax system”, as amended, you shall submit within February the 10^th, 2017 the Form of Declaration and Payment of Income Tax for Small Business for the tax period related to the calendar year of 2016.

You shall thoroughly declare in such form your total income, deductible expenses, taxable profit, taxation to be paid, as well as any other details as defined by Instruction of the Minister of Finance to fill in and submit the annual tax declaration.

Taxpayers bearing the tax liability of Value Added Tax and Simplified Profit Tax for Small Business,

You shall be liable to electronically declare the following at the Tax Administration:

• The sales and purchase book within 10^th of each month succeeding the tax period that is declared.
• The Form of Declaration and Payment of Income Tax for Small Business by February 10^th, 2017.

The Tax Administration would like to inform you that each data:

• you have declared,
• from your suppliers,
• from your clients,

is under constant verification.
Based on the data shown in the electronic system of taxes, it has appeared that there are taxpayers who have not been correct with their monthly periodic declarations, regarding data on purchases, i.e. from their suppliers, and sales.

In order to avoid any administrative penalties on you in case of observation of irregularities as provided for in the Law No. 9920, dated 19/05/2008 “On tax procedures in the Republic of Albania”, as amended, we would like to inform you about the only available possibility that you have to:

• Declare as amended the Forms of VAT Declaration and Payment, which have been irregularly declared, pursuant to the right enshrined in Article 67 of Law No. 9920, dated 19/05/2008 “On tax procedures in the Republic of Albania”, as amended, by February 10^th, 2017.
• Fill in as duly required the Form of Declaration and Payment of Income Tax for Small Business, which you shall submit by February 10^th, 2017 related to all your actual transactions of purchases and sales carried out during the calendar fiscal year of 2016.

In case that upon verification from the Tax Administration there are still irregularities observed in the declarations you have submitted, administrative penalties shall be imposed on you as provided for by Law No. 9920, dated 19/05/2008 “On tax procedures in the Republic of Albania”, as amended.

Taxpayers bearing the tax liability of Simplified Profit Tax for Small Business,

You shall be liable to electronically declare the following at the Tax Administration:

• The Form of Declaration and Payment of Income Tax for Small Business by February 10^th, 2017.

The Tax Administration would like to inform you that each data:

• you have declared,
• from your suppliers,
• from your clients

is under constant verification.

In order to avoid any administrative penalties on you in case of observation of irregularities as provided for in the Law No. 9920, dated 19/05/2008 “On tax procedures in the Republic of Albania”, as amended, we would like to inform you about the only available possibility that you have to fill in as duly required the Form of Declaration and Payment of Income Tax for Small Business, which you shall submit by February 10th, 2017 related to all your actual transactions of purchases and sales carried out during the calendar fiscal year of 2016 .