New declaration for businesses, who must fill it out? - Personal income is declared. Reimbursement for children, deadline until March 31
For the first time, personal income from business is declared through the new TAPB declaration (New Declaration for Personal Income from Business) which brings more clarity and structure to income reporting.
The new declaration entered into force this year and applies to 2025 income for individuals.
The new Personal Income Tax Declaration from Business accurately separates income, expenses, and tax deductions, with the aim of a fairer tax calculation.
In its first part, income from employment and business is declared, and if income for 2025 is declared as income from employment, the columns for business income cannot be completed.
And if declared as business income, they are divided into income from the main activity, income from other activities or investments, dividends or other income.
The second part includes tax deductions, such as dependent children, educational expenses, and private pensions when the legal conditions are met.
Taxpayers with turnover of up to 10 million lek can choose the special expense deduction regime, which is calculated at a certain percentage according to the activity and is applied for 3 consecutive years.
From the difference between income or expenses, the tax profit or loss is determined, on which tax is applied.
If income is from employment, the tax is progressive, 13% up to 2 million and 40 thousand lekë and 23% above this amount.
If the income is from a business, the tax rates in effect until 2029 are 0% up to 14 million lekë, 15% for profits up to 14 million lekë, 23% for profits over 14 million lekë.
The new personal business income tax return also includes foreign tax, withholding tax, and deferred tax.
This declaration must be submitted by businesses by March 31, 2026.
Exchange rate/ US Dollar and British Pound Strengthen
The US dollar has recorded an increase in value this morning, strengthening from the day before as it was bought at 82.2 lek and sold at 83.2 lek according......
"Jobs for all", 6,500 vacancies across the country - AKPA: Hundreds of professions looking for candidates
The National Employment and Skills Agency announces that currently around 6,500 job vacancies in various sectors are advertised on the official portal......
"The war will not last for years" - Netanyahu's statement, as the conflict expands to Lebanon
Israeli Prime Minister Benjamin Netanyahu said the war against Iran "will not last for years," as the conflict widened with Israel again attacking the......
Global oil and gas transportation costs rise - Because Iran closed the Strait of Hormuz
Global oil and gas shipping rates rose sharply, with supertanker costs in the Middle East reaching record levels. The US-Iran conflict intensified after......
How will the conflict affect European energy markets? - Policymakers should plan for a long standoff in the Middle East
The attacks against Iran by the United States and Israel have reopened the most important energy security issue in the global economy, the disruption of......
Study/ Kamza, Albania's energy "hotspot" - The density of heating demand is about 4 times higher than in Tirana
When talking about energy in Albania, attention usually focuses on Tirana as the country’s largest urban center. However, according to the latest Energy......
ARRSH: The Librazhd-Përrenjas axis is open to all vehicles
The Albanian Road Authority announces that starting today at noon, 12:00, traffic will be restored for all vehicles on the Librazhd-Përrenjas axis, which was......
Albania at the Tourism Fair in Berlin, Gonxha part of the UN Tourism Ministerial
This year, Albania will also be part of the ITB Berlin Tourism Fair. On the eve of its opening, the Minister of Tourism, Blendi Gonxha, participated in the......
