Company Liquidation

Final accounts, tax compliance and VAT closure – the accounting side of formally winding down an Albanian company.

Closing a Company Properly, Not Just Walking Away

A company that’s no longer needed doesn’t simply disappear when you stop invoicing through it. Left unliquidated, it keeps accruing filing obligations – an annual report still comes due, VAT returns are still expected if you’re registered, and a company quietly going dormant without formal closure tends to surface later as a compliance problem for its administrator, sometimes years after anyone stopped paying attention to it.

Liquidation properly done runs on two tracks that need to stay coordinated: the legal side – the formal dissolution decision, creditor process and QKB deregistration, which our Corporate Law team handles – and the accounting and tax side covered on this page: final financial statements, tax and VAT deregistration, and closing out payroll if you had staff. Most clients need both; we coordinate the two so nothing falls into the gap between them.

Accounting vs. Legal Liquidation Work

Both tracks are usually needed to fully close a company; we coordinate between the two so nothing is left half-done:

The Liquidation Timeline

• Decision to liquidate – a formal shareholder decision to dissolve the company, handled as part of the legal process.
• Creditor notification period – under the ordinary liquidation procedure, creditors must be invited to submit claims. The notice is published twice at an interval of 30 days, and creditors have 30 days from the date of the second notice to submit their claims.
• Final accounts & tax closure – the work covered by this page, completed during or at the end of the liquidation period.
• Deregistration – once accounts are closed and creditor claims addressed, the company is deregistered with the QKB and tax authority.

What Happens to Outstanding Tax Obligations

• Any unpaid taxes must generally be settled before the tax authority will confirm clearance for deregistration.
• VAT registration must be formally closed, with a final VAT position reconciled – outstanding VAT liabilities don’t simply lapse because the company stops trading.
• Liquidating companies can attract closer scrutiny from the tax authority than an ordinary annual filing, since it’s the last opportunity to review the company’s affairs.
• If you had employees, final payroll, severance and any outstanding social/health contributions need to be settled and properly reported before closure.

Liquidation, Step by Step

1. Initial consultation – we confirm the liquidation decision alongside our Corporate Law team and scope the accounting work needed.
2. Final bookkeeping reconciliation – all records are brought up to date to the liquidation start date.
3. Liquidation financial statements prepared – a formal closing set of accounts is drawn up.
4. Final tax filings completed – the closing tax return and any final VAT obligations are submitted, and deregistration is coordinated with the competent authorities.
5. Tax status verified – outstanding tax liabilities, undeclared returns and closing financial statements are addressed before deregistration.
6. Final closure confirmed – records are retained per statutory requirements, and you receive confirmation the company’s tax affairs are closed.

What We Need From You

• Your company’s registration certificate, NIPT and current VAT status.
• Complete bookkeeping records up to the point you stopped (or plan to stop) trading.
• Details of any outstanding debts, contracts, or employee obligations.
• Confirmation of the shareholder decision to liquidate, once made.
• Bank statements and any outstanding loans or receivables to be resolved.

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.

Frequently Asked Questions