Starting from 2025, the list of individuals required to declare income generated during 2024 expands significantly. This change is due to new thresholds and conditions set for the Individual Income Declaration (DIVA).
Who Needs to Declare Income?
1. Individuals with annual gross income exceeding 1,200,000 ALL:
📈 This translates to a gross monthly salary of 100,000 ALL or a net salary of 79,700 ALL. Any individual receiving a monthly net salary of 79,700 ALL or more must submit the DIVA declaration.
2. Individuals with income subject to withholding tax exceeding 50,000 ALL:
Eligible for tax benefits if legal requirements are met. This includes:
- 💰 Interest and similar payments
- ✍️ Income from copyrights or intellectual property
- 🛠️ Technical, consulting, insurance, financial services, etc.
- 🧑💼 Participation in governing boards
- 🏗️ Payments for installation, construction, supervision
- 🏠 Rental income
- 🎭 Payments for performances by actors, musicians, or athletes
- 🎲 Income from gambling and casinos
3. Individuals with income from abroad:
🌍 Any individual generating income from foreign sources must declare it, regardless of whether it has already been taxed in the originating country.
4. Individuals with multiple jobs within one year:
👔 Any individual who has been employed in more than one job, even for a single day during the year, must submit the DIVA declaration.
For the 2025 income declaration, the following expenses will be recognized as deductible:
- 📚 Education expenses for children up to 100,000 ALL.
- 👶 48,000 ALL for each dependent child. Only one parent is entitled to claim these deductions, and all expenses must be supported with appropriate invoices and contracts.
- 🛡️ Contributions to private pensions are also deductible, up to a maximum amount equivalent to the minimum monthly salary.
Deadlines and Penalties:
🗓️ The deadline for submitting the declaration is March 31. Failure to meet this deadline will result in a penalty of 3,000 ALL.
How Can Pivot Enterprise Solutions Help?
At Pivot Enterprise Solutions, we offer:
- 🤝 Pay less: Reduce your tax liability by leveraging deductible expenses and addressing all legal and tax complexities.
- 🗂️ Documentation preparation: Complete organization and submission of your declaration.
- ⏱️ Accurate and timely submission: Avoid errors and penalties with our expert assistance.
Conclusion:
Declaring personal income in 2025 is a process that requires dedication and accuracy. This declaration is done through iFilling and you can log in through eAlbania. Take advantage of our professional services to complete it efficiently and stress-free. Book an appointment now using the link below:
https://pivot-enterprise.odoo.com/appointment/1