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The President decrees the laws for Fiscal Peace and the cancellation of obligations; When will the implementation begin?

2026-01-13 08:02:40Biznes SHKRUAR NGA REDAKSIA VOX

The President of the Republic decreed the laws of the fiscal package, including the laws "On the Fiscal Peace Agreement", "On the cancellation, extinguishment and payment of tax liabilities to the central and local tax administration and of liabilities payable to customs", changes in VAT for the reimbursement of 10% VAT to farmers, etc.

The enactment and subsequent publication in the Official Gazette of the laws of the fiscal package paves the way for their implementation by the tax administration. While full implementation begins after publication in the Official Gazette and the approval of the relevant sub-legal acts.

Of the 7 laws of the fiscal package, only the law on "Revaluation of Immovable Property" has been published in the Official Gazette.

Among the laws that have raised high expectations from businesses, despite the reservations expressed by international institutions, are the laws on the Fiscal Peace Agreement and "On the Cancellation of Unpaid Tax and Customs Duties".

There are many businesses that are seeking to sign the Fiscal Peace Agreement with the tax administration, but their requests are being rejected by tax inspectors, due to the lack of bylaws for their implementation.

The Tax Administration explained to Monitor that it will begin implementing these laws after their decree by the President of the Republic, publication in the Official Gazette, and the approval of the relevant sub-legal acts that determine the procedures for their implementation.

The Ministry of Finance also explained to Monitor that the laws enter into force after their decree by the President and publication in the Official Gazette, while the instruction for the implementation of the law on the cancellation of unpaid tax and customs obligations must be approved within 15 days of the law's entry into force, while the instruction for the Fiscal Peace Agreement must be approved within 3 months of its entry into force.

Specifically, the law "On the Fiscal Peace Agreement" stipulates that it enters into force 15 days after publication in the Official Gazette and extends its effects until the tax year 2028. The extension of the effects lasts until 2028, as the agreement will be implemented for one tax year, but with the right to renewal for two more tax years.

The law also stipulates that the procedures for drafting and content of the agreement proposal, the methods of communication with the taxpayer and electronic confirmation, the registration and storage of the agreement in the electronic tax register, as well as the handling of cases of its rejection, non-acceptance or invalidity, will be determined by instruction of the minister responsible for finance.

The procedures for the termination of the validity of the Fiscal Peace Agreement will also be implemented according to the procedures that will be determined by instruction of the minister responsible for finance.

According to the law, the Fiscal Peace Agreement terminates in cases where: the taxpayer changes the type of declared activity; does not achieve an increase of over 18% in taxable profit; suspends or permanently discontinues economic activity; commits repeated violations of tax obligations that violate fiscal integrity; does not pay obligations under the agreement; does not meet the conditions provided for in Article 6 of the law; achieves an increase in taxable profit of over 50% during the relevant tax year, compared to the previous year.

Application procedure for the Fiscal Peace Agreement

The law stipulates that the Fiscal Peace Agreement between business and the tax administration shall be carried out through an application made by the taxpayer through the electronic platform "e-filing", within the deadline for submitting the annual income declaration of the previous year. For the first year of implementation, the deadline is determined by instruction of the Director General of Taxes.

The agreement proposal is drafted by the tax administration and communicated to the taxpayer through the "e-filing" platform, containing the value of taxable profit and the tax liability rates for the relevant period.

The taxpayer has the right to accept or reject the proposal until April 15. Upon acceptance and electronic signature, the agreement is considered concluded and has legal effect for the relevant tax year. The taxpayer is obliged to declare and pay the tax liability according to the agreement, while its non-compliance is treated as a tax violation.

Law on the cancellation of tax and customs duties

The Law “On the cancellation, extinguishment and payment of tax liabilities to the central and local tax administration and of duties payable to customs” shall enter into force 15 days after its publication in the Official Gazette. Within 15 days of its entry into force, the Minister responsible for Finance shall issue the instruction for the implementation of the law. This law shall be effective from 1 January 2026 to 31 December 2026.

The Law “On some amendments to Law No. 92/2014 “On Value Added Tax in the Republic of Albania”, as amended, enters into force 15 days after its publication in the Official Gazette. The implementation of this law will bring a 10% VAT compensation for farmers for the sales of agricultural goods that they will make to collectors, processors or certified agribusinesses. The compensation will be made through invoices issued by buyers of agricultural goods./ Monitor


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