Notice to taxpayers – Reporting the purchases over 500€

The Tax Administration of Kosovo wants to inform you that pursuant to Law No. 03/L-222 on Tax Administration and Procedures, from 1 January 2019 until 31 March 2019, the persons engaged in trade or business, who are taxed on the basis of real incomes and who purchase goods or services from the other taxable person in a total of five hundred Euros (500€) or more within each taxable year, shall report such purchases to TAK. Purchases made by the Government and municipalities of the Republic of Kosovo are also subject to these reporting requirements.

Thus, the persons concerned, and others who are required to submit reports of purchases over 500€, include:

  • All persons engaged in business, who are taxed on the basis of real incomes;
  • Government and municipalities of the Republic of Kosovo;
  • NGOs, public institutions and similar organizations;
  • Universities, hospitals and similar public or private institutions, regardless of whether they are registered for VAT or not, etc.

Persons who are declarers of VAT and have submitted, for 2018 (all months, January to December), the Purchase Book and the Sales Book including all their transactions are not required to submit the Report of purchases over 500€.

Reporting is done online at TAK’s website www.atk-ks.org, by clicking on the link Report purchases over 500€, which can be found on the Electronic Services section, on the left side of the website, where, through the link Instruction, you can be informed of all the steps you need to take to submit your Report of purchases over 500€.

Also, the Tax Administration of Kosovo wants to remind all taxpayers who do not comply with the deadline for declaring the Report of purchases over 500€ that they will be subject to the punitive measures foreseen by the Kosovo Tax Legislation.

For more information, please visit your regional TAK office!

                                                Tax Administration of Kosovo