Annual Report
Annual financial statements and the annual corporate income tax return – key annual compliance obligations for Albanian companies, subject to the filing requirements applicable to the company.
Annual Filing Obligations Depend on the Company’s Tax and Reporting Status
An annual report isn’t optional for companies above a certain size, and it isn’t waived because a company had a quiet year – Albanian companies must comply with the annual financial reporting and tax filing obligations applicable to their tax and accounting status. The precise filing requirements may depend on factors including turnover, tax responsibility and whether the company has suspended its activity. It’s the once-a-year deliverable that reconciles everything: the full year’s bookkeeping closed into a balance sheet and income statement, monthly tax prepayments reconciled against final liability, and a formal filing with the Albanian authorities.
Albania For Business Sh.p.k. prepares and files annual reports whether or not we handle your monthly bookkeeping – for clients on our monthly accounting service, the annual report builds directly on records already reconciled; for everyone else, we start by reviewing your existing records before preparing the filing.
ANNUAL REPORT & TAX RETURN
fixed fee
PACKAGE OF ANNUAL REPORT & TAX RETURN INCLUDES:
- Preparation of annual financial statements – balance sheet, income statement and notes
- Reconciliation of the full year’s bookkeeping records
- Preparation and filing of the annual corporate tax return
- Calculation of final tax liability, reconciled against monthly prepayments
- Filing the annual corporate income tax return with the tax authorities by the applicable deadline and depositing annual financial statements with the QKB where required
- English-language summary of your annual financial position
- Follow-up consultation to review the results with you
- Confirmation of filing and guidance on statutory record retention
What the Annual Report Actually Covers
- Financial statements – a balance sheet, income statement and explanatory notes covering the full fiscal year.
- Annual corporate tax return – reconciling the year’s actual tax liability against monthly or quarterly prepayments already made.
- Confirmation of any balance due to, or refund owed from, the tax authority once the year is reconciled.
- Filing with the relevant Albanian authorities within the statutory deadline.
- For companies subject to statutory audit, coordination with an independent auditor – see below.
Do You Need an Audit?
Most small and medium-sized Sh.p.k. companies are not subject to statutory audit and file unaudited financial statements. Audit requirements generally apply above certain thresholds – typically based on turnover, balance sheet total, and employee count – and to specific company types, such as Sh.a. companies and regulated entities (banks, insurers, and similar). Whether your company crosses these thresholds should be checked each year, since growth can trigger an audit requirement you didn’t have the year before.
| Company Profile | Typical Audit Position |
|---|---|
| Small Sh.p.k. below the size thresholds | Unaudited financial statements – our standard service |
| Sh.p.k. above the size thresholds | Statutory audit generally required – we coordinate with an independent auditor |
| Sh.a. (joint stock company) | Statutory audit generally required, regardless of size |
| Regulated entities (banks, insurers, etc.) | Sector-specific audit and reporting requirements apply |
Annual Reporting, Step by Step
- Year-end data collection & reconciliation – gathering and reconciling the full year’s bookkeeping records.
- Draft financial statements prepared – balance sheet, income statement and notes.
- Tax return calculated – final liability reconciled against prepayments, with a draft shared for your review.
- Client review & sign-off – you review the draft statements and return before anything is filed.
- Filing & record retention – the annual report is filed with the authorities, and you receive confirmation plus guidance on retaining statutory records.
What We Need From You
- Your company’s registration certificate, NIPT and current VAT status.
- A full year’s bookkeeping records – or access to them, if you’re already on our monthly accounting service.
- Bank statements covering the full fiscal year.
- Details of any significant one-off transactions during the year (asset purchases, loans, capital changes).
- Confirmation of whether your company is subject to statutory audit, if known.
Fee Schedule – Additional & Ongoing Services
Beyond the fixed package above, the following services are priced individually. Your adviser confirms an exact quotation once your structure, nationality and banking preference are known.
| Service | Indicative Fee |
|---|---|
| Annual report & tax return – standard (as above) | €300 fixed fee |
| Annual report – clients already on our monthly accounting service | from €200 (records already reconciled) |
| Statutory audit coordination (if required) | quoted individually |
| Late / catch-up annual report (prior years) | from €400 per year |
| Consolidated or group reporting | quoted individually |
| Certified translation of annual report (for a bank or investor) | from €150 |
| Zero-activity / dormant company annual filing | from €150 |
| Ongoing monthly accounting (see Monthly Accounting page) | from €150 / month |
“The company didn’t do anything this year” is not a reason the annual filing gets skipped – a dormant or zero-activity company still owes a filing, and the penalty for missing it doesn’t scale down just because there was nothing to report. If your company has been quiet, it’s worth confirming the filing still happened rather than assuming it wasn’t needed.