Paper taxes for entities that offer professional services: From January 15% tax

2024-01-25 14:53:00, Ekonomi CNA

Paper taxes for entities that offer professional services: From January 15% tax

Illustrative photo

The Tax Administration has sent a personalized letter to taxpayers who provide professional services. The letter specifies that from January 2024, taxpayers who provide professional services will be taxed at 15%.

"In order to make taxpayers aware (not to penalize them), the Tax Administration has sent a personalized letter to every taxpayer, which is part of the list of professional services approved by government decision, to take measures to clarify the economic code so that to be taxed in a fair way," the letter states, among other things.

Full letter:

"During 2024, as the first year of implementation of the new law, in order to further improve the relationship with taxpayers, the approach will be advisory in order to facilitate self-fulfilment"

Pursuant to the "Income Tax" law, the Tax Administration has informed taxpayers who provide professional services according to the provisions of VKM No. 753, dated 20.12.2023, from January 2024 they will be taxed at 15%.

In order to make taxpayers aware (not to penalize them), the Tax Administration has sent a personalized letter to every taxpayer, which is part of the list of professional services approved by government decision, to take measures to clarify the economic code in order to taxed fairly.

As mentioned above, it is very important that taxpayers themselves verify the economic code of the activity in the electronic account in e-Filing, according to the list of professional services, and change it in accordance with the activity they exercise for 2 purposes:

1- To be taxed correctly, as professional services, according to the government's decision.
2- Not to be taxed incorrectly if the economic code does not match the business activity.

The correction of the economic code is easily done online through the "Application for change of natural person" or "Application for changes in registration data for limited liability companies (SHPK)" services.

Through this letter, the Tax Administration also encourages taxpayers to correctly reflect the data in the Annual Declaration of Income Tax or Simplified Income Tax, for the year 2023, in relation to the data declared on income, expenses and taxable profit, as these data will be the subject of assessment by the Tax Administration for the calculation of the preliminary profit tax during the year 2024.

As the first year of implementation of the law, the Tax Administration clarifies that during 2024, as the first year of implementation of the new law, in order to further improve the relationship with taxpayers, its approach will be focused on counseling with the aim of facilitating fulfillment of legal obligations on their part./ CNA