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TAX SYSTEM MINI ALARM

To inform you of the latest changes in legal and financial legislation, this mini tax alert prepared by “A.R.S Legal & Financial Services” provides you with valuable information on the most recent publications of Albanian legislation.

In the Official Gazette No. 178, dated 09.10.2020, Normative Act No. 31, dated 07.10.2020, “On the Forgiveness of Administrative Sanctions with a Punitive Character, Imposed During the Period of Infection Caused by COVID-19 and Families Affected by Natural Disasters” was published. This act came into force immediately upon its publication in the Official Publications Center.

This normative act provides:

The return of amounts to the bank account of the beneficiary entity or state institution, for all those who do not have a bank account, will be made by November 15, 2020.

All permits / licenses and blocked assets must be returned to the beneficiary entity by November 15, 2020.

State institutions and local self-government units are responsible for the procedures and detailed rules for the implementation of the forgiveness, the return of paid amounts, and the return of permits/licenses/assets.