Albania's tax authority has issued a notice to remind taxpayers that the deadline for the submission of financial statements for fiscal year 2019 is 31 July 2020. This includes the balance sheet and its annexes, as well as other documents specified in the notice including inventories, cash flow statements, change in equity statements, etc. Approved documentation formats, which are to be submitted electronically, are attached to the notice.
The tax authority has also issued a notice to remind individual income taxpayers that the deadline for filing the annual tax return for 2019 is 31 July 2020. The obligation to file the return applies for Albanian resident individuals who generated income of ALL 2 million or more in 2019 from all sources. The obligation also applies for non-resident individuals who generated income of ALL 2 million from Albanian sources. For the first time, the return will be automatically generated pre-filled.
Note - The 31 July 2020 deadline in both cases was provided as an extension in response to COVID-19.
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