The government has prepared a legal package for fiscal amnesty which will allow the declaration and deposit of assets legally in banks, without fiscal obligations and without criminal liability.
Prime Minister Rama stated on April 20 that the package will be sent to the Assembly in the coming days and hopes to be approved within May.
This amnesty aims to formalize the money of Albanians, through their deposit in banks, against the payment of a small percentage for the state.
The Amnesty benefits:
– All Albanian citizens who have undeclared income;
– All Albanian companies that have undeclared income;
– All Albanian emigrants who have created savings while abroad.
The government guarantees that the beneficiaries will not be prosecuted for not previously declaring income and not paying taxes.
All those convicted of certain criminal activities, politicians, high-ranking officials, state police and magistrates, as well as their families, are excluded from the amnesty.
The amnesty is expected to last one year and has three four-month phases:
– In the first phase, the obligation to the state to deposited money will be 5 per cent of the amount;
– In the second phase it will be 7 per cent;
– In the third phase, it will be 10 per cent.
