Changes to the Withholding Tax declaration - DPT publishes the details!
The General Directorate of Taxes announced today that the changes in the new "Income Tax" law have also brought changes to the Withholding Tax declaration, which is more specifically divided into two sections:
1. Resident or non-resident taxpayer with permanent residence in the Republic of Albania
· The entity making the declaration chooses whether the payment beneficiary is a registered entity with NIPT (natural person or entity) or an individual
· For INDIVIDUAL, NID is filled in
· NIPT is filled in for the subject
· If the NID or NIPT is incorrect, the system notifies you of the inaccuracy.
· For payments to more than one individual for the same tax, payments for each beneficiary may be added or removed.
· Payments for bank interest and financial institutions are excluded.
2. Taxpayer natural person/non-resident entity in the Republic of Albania
· The taxpayer declaring the payment chooses whether the beneficiary is an individual or a registered foreign entity (natural person or entity)
· For an individual, the NID, first name, last name, and country of residence are manually filled in.
· For a registered foreign entity, the identification number, name of the entity and country of residence are manually filled in.
· The system does not perform verifications for data of foreign individuals and entities.
· For multiple beneficiaries of the same Withholding Tax type, payments for each beneficiary can be added/removed.
· Payments for bank interest and financial institutions are excluded.
According to the GDT, the deadline for declaration and payment of withholding tax is the 20th of the following month.
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