ALBIC - Info Business - Guide on Tax System in Albania

Annex C

TAXPAYERS' REGISTRATION AND DEREGISTRATION PROCEDURES

When starting a commercial business, every physical or legal person, native or foreign, must first register with the court. Registration with the court is an indispensable condition for obtaining a license to exercise an activity, issued from the Tax and Duty Department of the place in which the activity is exercised, as is the case with every other type of license, permission or authorization issued by other local or central authorities.

1. REGISTRATION WITH THE COURT

In order to have the right to be equipped with a certificate to exercise an activity, all persons are obliged, first of all, to earn a legal personality. The legal personality is only earned after the subject is registered in the commercial register maintained by the District Court of Tirana for the entire territory of the Republic of Albania . Request for registration with the court must be made within 1 month from beginning of activity. Thus, based on Law Nr.7632, of.04.11.1992, “On dispositions regulating the first part of the Commercial Code”, within this deadline, all physical or legal persons, Albanian or foreign, opening a branch or a representative office in Albania, are obliged to announce their names and deposit their original signatures with the District Court of Tirana. The registration decision is taken from the judge. The court must respond to registration requests within 1 month. Registration of subjects in the commercial register is only made after respective payments are made.

1.1 Exemptions from obligation to register in the commercial register

Exempt from the obligation to register in the commercial register are all traders, physical persons, whose general turnover during two successive calendar years has not exceeded the ceiling, established with Decision of the Council of Ministers. Also exempt from this obligation are all physical persons, who have just started their enterprising activity and cannot reach this ceiling for the ongoing year or for the following one.

1.2 Registration of commercial companies

Law Nr.7638, of.19.11.1992 “On commercial companies” acknowledges 4 forms of commercial companies, namely: Collective Companies; Commandite Companies; Limited Liability Companies (LLC) and Anonymous Companies (AC). Commercial companies are considered legal persons and are registered as such with the Court.

1.2.1 Registration requirements for companies

All types of companies declare the type, duration, if this is not specified, commercial name, central office, company's object, amount of fundamental capital and the date of signature of the company's statute. When the activities foreseen in the company's object require an official authorization, the registration request is accompanied with a notarized copy of authorization.

• Collective companies

The registration request for a collective company must be made from all company partners. In addition to the above, in the case of collective companies, it is obligatory to declare and register the names, surnames, partners' dates and places of birth and dispositions of the statute specifying the representative competences of administrators.

• Commandite companies

Based on the law “On commercial companies”, participation in commandite companies is also possible for “limited partners” (partners responsible for company's debts up to the limit of their contribution value in the fundamental capital), in addition to “unlimited partners” (partners unlimitedly responsible for company's debt with). In the case of such companies, the registration request is made from all unlimited partners, but it must also be accompanied, besides the above, with the names, surnames, dates and places of birth of limited partners and the majority of their contribution.

• Limited Liability Companies (LLC)

LLC are companies founded from one or several partners, which face company losses up to the limit of their contribution value in the fundamental capital. Based on legislation in force, the minimum value of fundamental capital for this type of company is 100.000 lek. This capital is divided in equal shares, whose nominal value must not be smaller than 1.000 lek, otherwise the company must change into another form. In the csae of LLC, the registration request is submitted from its administrators, accompanied with names, surnames, dates and places of birth of administrators and the statute dispositions specifying their representation competences. The deposit certificate of funds resulting from settlement of fundamental capital is also attached to these documents.

• Anonymous companies (AC)

Anonymous companies are all those companies, whose capital is divided in shares and, which are established from partners facing losses up to the limit of the value of their contribution. These companies are divided into:

• Anonymous companies with public offer . In such case the minimum value of fundamental capital must be 10 million lek.

• Anonymous companies without public offer. The minimum value of fundamental capital must be 2 million lek.

For anonymous companies, the registration request is submitted from all members of the company's directory. Request for registration in the commercial register must be accompanied with the names, surnames, places and dates of birth for directory members as well as with of statute dispositions, specifying the representative competences of directory members. Attached to the request and deposited in the annex of the register are the statute, signatures and appointment act for the directory's administrators, a list including the names, surnames, dates and places of birth of the supervising council members, and in the case of cross-country contributions, the report on contributions or, if necessary, the partners' decision to ask the assistance of an expert on contributions. In addition to these, attached to the request is the certificate of the depositor of funds resulting from signature of shares for monetary contribution.

An outline of the principal documentation, which must accompany the request for registration with the court, is given in the table below:

Required documentation for the company's acknowledgement by the court

Specific documentation for commercial register

• Act of establishment

• Company's statute

• Proof of payment for required amount of initial capital in the bank (in cases of immovable property contribution or any other cross-country contribution) and report from accounting expert

• Contract of ownership or rent for premises in which the company will perform its activity

• Copy of the court decision for the creation of the company

• Company's statute and contract

• Contract of ownership or rent for premises in which the company will perform its activity

• Proof of payment for registration tax

When the court approves the request, it takes a decision to register the physical or legal person. Below, you will find a model of the decision made by the court. Afterwards, the decision is registered in the commercial register. Tariffs for decision registration in the commercial register are 1200 lek for physical and legal persons, including stamp tax. If the legal person has foreign partners, the registration tariff is 4500 lek.

2. OBTAINING A TAX CERTIFICATE AND NIPT

After registration with the court, the second step to be followed by everyone, who wants to engage in business, i.e. perform any kind of commercial activity, is registration with the tax office for obtaining the tax certificate and the NITP (Number if Identification as Taxable Person). Request for a tax certificate is submitted to the tax departments of the district in which the person has the central office of his/her activity. Based on law Nr.8560 of 22.12.1999, “On tax procedures in the Republic of Albania ” the following must be equipped with a tax certificate:

• Legal or physical persons with an annual turnover bigger than the VAT registration limit, which must submit to the district tax branch:

• Registration request with the respective tax office

• Court decision approving their registration in the commercial register

• Statute and act of establishment

• Agreement with Social Insurances Institute

• Proof of membership in Chamber of Commerce

• Contact information for each taxpayer's representative

Taxpayers registered with VAT, are only registered once a year at the moment they begin their economic activity.

• Legal or physical persons with an annual turnover smaller than the VAT registration limit (taxpayers of local tax on small business), which must submit to their respective district tax branch:

• Registration request

• Court decision approving their registration

• Contact information on each taxpayer's representative

• Non-profit organizations, foundations, project implementation units, etc. exercising religious, humanitarian, charity, scientific or educative activity, in spite of the fact that their activity might not be economic or profitable. For fiscal purposes these persons are called passive taxpayers, because they are only obliged to pay income tax. The documentation to be submitted to the respective tax branch in such case is similar to the one to be submitted in point 1. If these legal or physical persons exercise other activities of an economic character, they are, then, obliged to separately register these activities with tax organs.

• Partnership is a special mode of organization of physical or legal persons who agree to exercise temporarily together business activities. Partnerships are not established as a separate legal person in any of the forms of commercial companies as it is provided in the law “On commercial companies”, Civil Code or/and other separate laws. So far, the establishment of partnerships is not based on a Court Decision or registration decision with the court. For registering a partnership with tax offices, it is not necessary for them to obtain legal personality neither to present to tax authorities the decision of their registration with the court. On the other hand, partnerships are obliged to fulfill with any other requirements with regard to their registration with tax offices as any other taxpayer.

Tax organs must process all requests for tax certificates within 5 days from receiving the requests.

The documentation submitted for obtaining a license to exercise activity is given below:

Physical persons

• Court decision for registration

• Statement from employment office

• Statement from social assistance office

• Proof of payment for advertisement tax

• Proof of payment for tax on activity

• Proof of payment for tax on rented land

• Proof of payment for tax on cleaning

• Proof of payment for tax on property

• Number of bank account and bank statement

• Hygienic and sanitary permission

• Registration cashbox

• Registration with the office for control of measurement devices (if necessary)

Legal persons

• Company's statute

• Company's establishment act

• Decision of Tirana court for their registration as legal person

• Statement from social assistance office

• Contract with employment office

• Statement from social insurances office

• Registration with the Industrial Chamber of Commerce

• Proof of payment for advertisement tax

• Proof of payment for tax on activity

• Proof of payment for tax on buildings

• Proof of payment for tax on cleaning

• Proof of payment for tax on rented land

• Proof of payment for tax on property

• Number of bank account and bank statement

• Hygienic and sanitary permission

• Registration cashbox

• Registration with the office for control of measurement devices (if necessary)

3. DEREGISTERING OF TAXPAYERS

Deregistering of taxpayers from trade register is based on a Court Decision. All the taxpayers may ask to be deregistered only after they have fulfilled with their obligations with regard to taxes and after they have present the final balance sheet for their activity. Procedures for deregistering of an activity are given below:

• Taxpayer presents in the court the request for deregistering from trade register.

• Court notifies the respective tax office on the request of the taxpayer.

• Tax offices are obliged to verify fiscal situation of the taxpayer and if necessary to exercise control on taxpayer's activity with 45 days from the date of notification form the court. Such a control aims at verifying the financial statements presented in the final balance sheet.

• If tax authorities, within 45 days of the notification, oppose deregistration of the taxpayers, the court authorities can not go further with deregistering of the latter. Tax authorities may withdraw their objection once the taxpayer has fulfilled with all tax obligations.

• If after 45 days form the notification, tax authorities has not opposed the deregistering of the taxpayers, then court organs decide on the deregistering of the latter.

Law No.9333, dated 06.12.2004, “On some amendments and changes on the law no.8560, dated 22.12.1999 “On tax procedures in the Republic of Albania” amended, determines an extension of the permitted period for presenting any objection with regard to the deregistration of the taxpayers from 20 to 45 days.

Annex D

PROCEDURES FOR CLOSING AND TRANSFORMING THE BUSINESSES

The legal framework of the procedures for closing and transforming of businesses is as following:

• Law “On trade companies” No. 7638, dated.19.11.1992

Law “On bankruptcy” No. 8901, dated.23.05.2002
Law «On trade register», No. 7667, dated. 28.01.1993
Code of Civil Procedures

The closing of businesses is done through two ways: a) bankruptcy and b) demolition .

• PROCEDURES OF BANCRUPTY

According to the law « On bankruptcy » the bankruptcy procedures begin when the debtor is valuated as unable to pay the obligations in the date of maturations. This includes the state of insolvency . In the case of private entities, the overload with debts causes the opening of the bankruptcy procedures.

Bankruptcy procedure aims to pay collectively the obligations of debtor through:

Licuiditation of his fortune

• Division of the incomes

• In the case of an organization plan, through accomplishment of another agreement that aims to protect his activity.

The procedure of bankruptcy is discussed and judged in the trade section of the district court when the debtor has his habitation or residency.

These procedures are open for the fortunes of every physical or legal person as well as for simple companies.

With the opening of the procedures of bankruptcy, the right of debtor for administering and disposing the fortune that corresponds to the scale of bankruptcy passes to the administrator.

• Opening of the bankruptcy procedures.

Bankruptcy procedures begin with the demand of:

• Debtor which together with the demand should present and:

• The list of fortunes and the incomes together with a declaration with the value of each object and the fact if this object is used as a coverage mean;

• The list of creditors with names, sum, addresses that compound the obligation towards them;

• The statement that verifies that the content of the above mentioned documents is complete and correct.

The non delivery of all the above mentioned documents within 30 days from the moment of presenting the demand for opening the bankruptcy procedures causes the fall/demolition of it.

• Creditor. The opening of bankruptcy procedures with the demand of the creditor is done only when the court evaluates that the causes are sufficient and persuasive.

In the case of legal persons, the procedures of bankruptcy begin with the demand of:

• Tax authorities in the cases when this person has a balance-sheet with lose for 3 years in continuance.

• Every member of supervising authorities, partner or liquidator . In this case the demand for opening the procedures of bankruptcy should be presented within 21 days from the date when the legal person is in the state of insolvency.

1.2 Evaluation and decision for the opening of procedures for bankruptcy

The evaluation of the case in court is done by the trade section of the district court and should be finished within 60 days starting from the day of the presentation of the demand for opening the procedures of bankruptcy. Within this period of time the district court (trade sections) decides:

• The fall of the demand for the lack of legal reasons for opening of procedures.

• The fall of the demand for the reasons of insufficiency of the fortune of debtor for covering the expenses of the procedures of bankruptcy;

• The admission of demand.

In order to take the decision, the court appoints a specialist as temporary administrator for the debtor that have the duty to verify:

• If the reason for opening the procedures is real;

• If the fortunes of debtor cover the expenses of procedure;

• If is necessary to get measures for the security of the fortune of debtor;

• If there is any possibility to continue the activity of the debtor.

If the court decides to open the procedures of bankruptcy than this decision should be announced publicly in the information bodies that are designated for official announcements of the court. The decision was delivered to debtors, creditors and the debtors of creditor and includes:

• Name, surname and the inhabitance of the debtor in the case of physical persons or the name, kind of activity and the residency in the case of a legal person ;

• Name, surname and the address of the administrator of bankruptcy;

• The due time when is open the procedure of bankruptcy;

• Other data such as the claims of creditors, data on persons that have obligations toward debtor and the size of these obligations, etc.

1.2.1 The size and the expenses of the procedure of bankruptcy.

The size of bankruptcy includes all the fortunes and the rights of the debtor in the date of the opening of the procedures of bankruptcy as well as the wealth that he gains through the appliance of the procedures of bankruptcy. The objects that are not included in the size of bankruptcy are determined in the provisions of the code of Civil Procedure and correspond to those that are excluded from the enforced performance.

The size of bankruptcy serves to pay the creditors the claims that they have toward debtor in the opening date of the procedure of bankruptcy. These claims are calculated in accordance with the Law no.8901, dated.23.05.2002 “On bankruptcy ”.

Expenses of the procedure of bankruptcy are;

• Court expenses;

• Compensations and the expenses of the administrator of the bankruptcy and the members of the creditors committee.

• Administrative expenses such as: obligations that generate as the result of the activity of the administrator, obligations according to the contracts, obligation for restitution of the monetary amounts in the case of the extension of the size of bankruptcy, etc.

1.3 Administration of the size of bankruptcy, the repayment of creditors and the interruption of the procedure.

The administrator of the bankruptcy alone or with the cooperation of the debtor, prepares an inventory of all the fortune that corresponds to the size of bankruptcy determining also their value. The administrator designs the list of all the creditors that includes the address, the reason and the sum of claims for anyone of them.

The repayment of the administrators can begin only after the meeting of the general evaluation. The funds are divided among the creditors in the moment when the size of bankruptcy has the necessary liquidity. Before every delivery, the administrator designs a list of persons that profit from it. This list is deposed in the register of the court and can be reviewed from the interested subjects. The last delivery is done in the moment that the sale of the size of bankruptcy is finished and only with the approval of the trade section of the district court. After the complete delivery, the court decides to close the procedure of bankruptcy. The decision and the reasons are announced publicly.

Procedures of bankruptcy can be interrupted when:

• There are lacks of fortunes in the size of bankruptcy.

• The reason that brought to the opening of the bankruptcy procedures are eliminated.

• Is demanded from the debtor, but with the approval of all the creditors of the bankruptcy.

The decision for the interruption of the procedures in each of the cases mentioned above is announced publicly. The debtor regains the right to dispose freely the fortunes of the bankruptcy size, with the interruption of the procedures.

• THE ABOLITION AND TRANSFORMATION OF THE TRADE COMPANIES.

Law no.7638, dated. 19.11.1992 ”On trade companies” determines the procedures and general criteria of the abolition and transformation of the businesses. The same law determines the procedures and criteria for the fusion and the division of the trade companies.

Law “On trade companies” determines the cases of the abolition of the trade companies according to their type:

• Collective Companies

These companies are abolished:

1. With the death of one partner but can continue their activity if the following rules didn't interfere with the statute:

• The continuity can be decided with the unanimity of the partners that survive and the successors of the remained partners;

• If the inheritors doesn't want to enter in the company or are unskillful for this especially when one of them is infant, the continuance is decided with the unanimity of the partners remained with the condition that they repurchase the rights on the company included in the heritage of the remained partner.

2. In the cases of bankruptcy, limitation of the rights to exercise a trade profession or disability of one of the partners, if it is not included in the statute or when for its continuance is decided with unanimity of the remained partners.

• Commandite Companies

• The commandite companies are abolished in the case of bankruptcy of one of the unlimited partners, in the case of loosing rights to exercise a trade profession or inability of one of “unlimited” partners. In the cases when there are one or more unlimited partners, the continuity is decided in the statute or with the unanimity of other partners, after they have decided to repurchase the rights of the disabled partner.

• the commandite companies can be abolished in the cases of death of one unlimited partner if are fulfilled all the following rules:

• this is the only “unlimited” partner

• all his successors are infant

• when within one year from his death it is not taken the decision for its replacement with another “unlimited” partner.

• Limited Liability Companies (l.t.d.)

Limited Liability Companies aren't abolished in the case of bankruptcy or when one of the partners is unable or dies if is not determined otherwise in the statute.

The premature abolishment of the company can be requested in the cases when the capitals of the company (because of losing in the financial documents) are lesser than the half of the initial capital. This is decided by the partners within 4 months from the approval of the accounts that reflect this loosing. If the abolishment it is not declared from the required majority for the changes in the statute, the company is obligated to decrease the capital In the value of the losing hat have remained uncovered from the reserves of the company.

The transformation of the company is obligatory when the amount of the initial capital is lesser than 100.000 leks (minimum amount of the initial capital for the establishment of an l.t.d. company, determined in the law “On trade Companies”.).

The transformation of the l.t.d. in a collective or Commandite Company is done with the unanimous approval of the partners.

The transformation of the l.t.d. in a Anonymous company is done with the majority of the votes required for the changes in the statute, only after the l.t.d. has approved the balance sheet for two years of its activity, accompanied by the report of transformation by one expert.

• Anonymous Companies (Sh.a)

Anonymous companies are abolished automatically with the ending of the date according to the statute. The abolishment is announced in the extraordinary meeting of the assembly. The anonymous companies can be abolished also when the capitals of the company are reduced in lesser than the half of the initial capital. In such cases, the board is obligated that within 4 months from the approval of the financial balance sheet to call in the meeting the extraordinary assembly and to take the decision if the company should be abolished or not. In any case the abolishment should be declared from the required majority for the changes in the statute. Otherwise, the company is obligated to reduce its capital with an amount not lesser than the losses that have remained not covered from the reserves.

Every anonymous company can be transformed in another form if in the time of transformation:

• has a minimum of 2 years activity;

• has prepared and approved from the owners the balance sheet of two recent years.

The decision for transformation is taken based on the expert report for the transformation of the company.

The transformation of the anonymous companies in a collective company is done with the approval of all the partners.

The transformation of an anonymous company in a Commandite company is decided with the majority required for the changes in the statute and with the agreement of all the partners that accept to be “unlimited” partners.

The transformation of an anonymous company in a l.t.d. company is decided in the conditions determined for the changes of the statute.

2.1. The merge and the split of companies

Based on the law “On trade Companies” with their merger one or more companies may pass their heritage to another existing company or to a new established company. Also one company, through the split can pas its heritage to some other existing companies or to some new companies. Both possibilities mentioned above are open also for the companies in the process of liquidation as long as the delivery of their assets between the partners it is not the object of the beginning of execution. In any case the partners of companies that transfer their heritage, profit a part of their initial capital or shares from the acquirer company and according to this case and compensation in money, the amount of each did not exceed 10 % of the nominal amount of the initial capital or to the shares.

The merger or split brings to destruction without the liquidation of the companies that are liquidated and the transfer of the heritage to the acquirer companies. The partners of the destructed companies enjoy this quality and to the acquirer companies according to the conditions determined in the merger or split contract. Companies that participate in merger or split processes, design a project which is deposed in the trade register and is publicized. If the companies that participate in these processes are not in the liquidation process than they present in the trade register a declaration when they report all the acts in the function of the process of merge and split. With this declaration, they verify that the operation is done in accordance with the legal requirements in order.

2.1.1. Development of merge and split procedures.

The merge and split of a trade company is decided by the extraordinary assembly of each company that takes part in this process. There are nominated one or two experts who design a report on the modalities of merge and split of a company. This report is in the disposal of the shareholders and must:

Determine the methods followed for the design of the proposed report.

• Show that these methods are appropriate showing also the value in which brings each of them.

• Show the particular difficulties of evaluation.

In the cases of merge of the trade companies, the absorber company is fully debtor for the credits of the absorbed company. Also, the companies who acquire contributes that come from the split are fully and solidarity debtor on the creditors of the split company.

2.1.2. Some exclusions from the merge and split procedures.

In the cases of limited liability companies, when the merge is realized through transferring contributes to a new company with limited liability, this can be established also with other contributes despite those companies that merge. In this case and if the parts of the initial capital of each new companies are given to the partners of the split company proportionally with their parts in the capital of this company the expert report it is not needed.

When the slit of the company is realized with the transferring of its contribute to new anonymous companies each of new companies can be established with other contribute despite capitals of the company that is split. If the shares of each of the new companies are transferred to the shareholders of the split company proportionally with their parts in the capital of this company, than the experts report it is not needed.

3. LICUIDATION OF THE TRADE COMPANIES

The company is in the process of liquidation since in the moment of its failure for every kind of reasons. The liquidator represents the company. He has all the competencies for the sale of the active and is authorized to pay the creditors and to share the over plus. He can continue the issues or deal with new problems that are related with the liquidation only if it is authorized, case by case by partners or with the decision of the court.

In general, the liquidation of the trade companies is determined with the provisions of the status of the companies. At the end of the liquidation process, he partners are called in order to decide for the final balance sheet, for the act of correctness of the t administration from the part of the liquidator and his mandate, as well as to evident the closing of the liquidation. If the assembly of partners can not decide for the accounts or the process of liquidation than this decision is taken by the court based on the request of the liquidator or any other interested person. The final accounts are deposed in the annex of the trade register. These accounts are attached wit the decision of partners assembly for these accounts, with the act of correctness administration by the liquidator and the omission of his mandate. Once there are fulfilled all these formalities the company is stroked off from the trade register.

In the cases when the statute provisions related to liquidation are missed, than the partners can be share one or more liquidators. So the liquidator can be appointed by the partners if the split up comes after the deadlines determined in the statute or when the split up is decided by them. The liquidator is apointed :

• In the collective companies with the approval of all the partners.

• In the commandite companies with the approval of all the unlimited partners and the majority of limited partners regarding to the capital.

• In the limited liability companies (l.t.d.) with the approval of the majority of the partners regarding to their capital.

• In the anonymous companies in the conditions of the quorum and the majority requested for the meeting of the ordinary assembly.

If the partners can not appoint a liquidator than he is appointed with the decision of the court in accordance with the demand of every interested person. If the split up of the company is decided by the court than the court determines one or more liquidators for that company.

Annex E

LEGAL BASES

• Code of Civil Procedures

• Civil Code

• Law No.7632, dated 04.11.1992 “On the dispositions regulating the first part of the Commercial Code”

• Law No.7638, dated 19.11.1992 “On Commercial Companies”

• Law No.7667, dated 28.10.1993 “On trade register”

• Law No.7758, dated 12.10.1993 ”On documentation and record keeping for fiscal purposes”

Instruction No.5, dated 20.09.2001”On provision of taxpayers with registration cash desk and issue of tax invoice”

DCM No.243, dated 20.04.2001 “On the obligation for issuing tax invoices through registration cash desk”

• Law No.7928, dated 27.04.1995 “On Value Added Tax”

Instruction No. 4, dated 11.02.2002 “On Value Added Tax”

Instruction No.7, dated 10.02.2004 “On Value Added Tax”

Supplement Instruction No. 3, dated 10.04.2003 “On Value Added Tax”

• Law No.8438, dated 28.12.1998 “On income tax”

Instruction No.3, dated 11.02.2002 “On income tax”

Instruction No.1, dated. 10.02.2004 “On income tax”

Instruction No.3, dated 27.01.2003 “On simplified profit tax”

• Law No.8560, dated 22.12.1999 ”On tax procedures in the Republic of Albania ”

Instruction No.2, dated 10.04.2003 “On tax procedures in the Republic of Albania ”

Supplement Instruction No.2, dated 01.08.2003 “On tax procedures in the Republic of Albania ”

Instruction No.4, dated 10.02.2004 “On tax procedures”

• Law No.8701, dated 01.12.2000 “On fortune games, casinos and hippodromes”

• Law No.8901, dated 23.05.2002 “On bankruptcy procedures”

• Law No.8978, dated 12.12.2002 “On local tax on small business”

Instruction No.4, dated 27.01.2003 “On local tax on small business”

• Law No.8977, dated 12.12.2002 “On tax system in the Republic of Albania ”

Instruction No.2, dated 08.01.2003 “On tax system in the Republic of Albania ”

• Law No.8976, dated 12.12.2002 “On excise tax in the Republic of Albania ”

Instruction No.7, dated 16.06.2003 “On excises”

• Law No.8982, dated 12.12.2002 “On local tax system”

Instruction No.9, dated 04.02.2003 “On annual tax for vehicles registration”

Instruction No.10, dated 04.02.2003 “On local taxes”

Instruction No.7, dated 04.02.2003 “On the tax on agricultural land”

FISCAL PACKAGE 2005 – Official Gazette No.103, December 29 th 2004

• Law No.9325, dated 06.12.2004 “On some amendments and changes in the law No.8982, dated 12.12.2002 “On local tax system”

• Law No.9326, dated 06.12.2004 “On some amendments and changes in the law no.8438, dated 28.12.1998 “On income tax”, amended.

• Law No.9327, dated 06.12.2004 “On some changes in the law no.8978, dated 12.12.2002 “On local tax on small business”

• Law No.9328, dated 06.12.2004 “On some amendments and changes in the law no.8976, dated 12.12.2002 “On excises”, amended.

• Law No. 9331, dated 06.12.2004 “On some changes and amendments in the law no.8977, dated 12.12.2002 “On tax system in the Republic of Albania ”, amended.

• Law No.9332, dated 06.12.2004 “On some amendments and changes in the law no.7928, dated 27.04.1995 “On value added tax”, amended.

• Law No.9333, dated 06.12.2004 “On some amendments and changes in the law no.8560, 22.12.1999 “On tax procedures in the Republic of Albania ”, amended.

Instructions related to Fiscal Package 2005

• Instruction No.1, dated 18.01.2005 “On tax procedures”

• Instruction No.2, dated 18.01.2005 “On some amendments in the Instruction No.7, dated 16.06.2003 “On excises”

• Instruction No.3, dated 18.01.2005 On national tax system in the Republic of Albania '

• Instruction No.7, dated 19.01.2005 “On value added tax”

• Instruction No.5, dated 18.01.2005 “On income tax”

Company with public offer are considered the ones, whose shares are officially registered in the stock market, beginning from the registration date, or the ones, which, in order to sell their shares, address the banks, financial institutions, stock brokers, or the publication in different ways and distribution outside environments designed for this purpose. All other anonymous companies are companies without a public offer.