New procedures for the registration and cancellation of businesses

New procedures for the registration and cancellation of businesses

Albanian government has predicted amendments to businesses laws in order to improve the procedures of the registration and the cancellation of a business. In the last years, two main issues identified regarding to these procedures are the cancellation of a business and businesses that have elapsed to passive register.

According to these changes, when a business doesn’t exerts commercial activity or doesn’t hands in the income declaration in 12 months, it will automatically switch over to the passive register. The upcoming changes also predict the immediate switch over in the passive register for all businesses, whose activity has been cancelled at the National Registration Center.

Another issue that will be solved by these amendments is the cease of a business from paying the taxes. Eventually there is not a fixed date of when a business has ceased from paying the taxes. The propose made predicts that this date must correspond to the date of when a business is cancelled at the court or at the National Registration Center.


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