Every individual resident in our country who benefits with source income in the Republic of Albania and abroad, in the amount of over two million ALL a year is obliged to submit the Individual Annual Declaration of Income.
Individual annual income statement, announced by the General Directorate of Taxation, is also mandatory for non-resident individuals who realize taxable income with source in the Republic of Albania amounting to over two million ALL.
Individuals are required to declare gross income from salaries or remuneration from employment relationships, gross income from dividends, gross income from rent, capital gain from the sale of immovable property to the declarant, gross income from bank interests, capital gains generated by investments in securities or real estate and income derived from lotteries or other games of chance.
Also declared are gross income from intellectual property, licenses, exclusive rights and other assets, consisting only of rights and that have no physical form, capital gain from donation, gross income realized outside the territory of the Republic of Albania , as well as other gross income not mentioned above
Each individual who is required to submit an individual annual income statement must take due care of the correct completion of the declaration data and, in particular, the calculation of income tax on employment where the individual benefits two or more wages in a month by different employers.
Incorrect coverage of individual annual income statements may cause the imposition of penalties for the declaring individual.
Benefit from deduction of taxpayer costs, which are not subject to disclosure and have gross annual incomes from all sources up to a million and fifty thousand Lek annually (indexable annually) but not higher than this amount, who may be declaratory subjects.
Lending of amounts received from the deductible deductible scheme is carried out by 30 September of the year following the tax period for which the declaration is drafted.
Non-resident persons do not benefit from the right to calculate the deductible expenses.
The declaration of income, except that it is a legal obligation, of any individual subject to the declaration, is also a further guarantee regarding the justification of his property.