The Albanian Parliament passed the Law No.10418, dated 21/04/2011 on fiscal amnesty for entities and individuals and the Minister of Finance issued the Instruction no.12 dated 18/05/2011 on application of this law.
Such amnesty law provides incentives for:
Reporting undisclosed funds, which has to be deposited with a local bank and remain in Albania for a certain period of time;
Property revaluation at market values;
Reporting and settling any outstanding tax, social security or custom duty liability and penalties;
Forgiveness of previous tax and custom duty debts.
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