The Ministry of Finance (MoF) has issued on the 13th March 2026 the following notifications (attached a scanned copies) related to the Ultimate Beneficial Owner (UBO):
– Notifications # 849/1 reminding the taxpayers to hold a special register for the information related to the UBO and submit the tax form M18 (available on their electronic account) updated till the 31st March 2026 to the MoF before the 30th April 2026 (inclusive).
– Notifications # 850/1 reminding the taxpayers, that according to the article 18 of the Law #40 dated 10th February 2026 (Budget Law 2026) that amended the article 32 of the Tax Procedures Law, they have the obligation to amend the information related to the UBO within one month from any modification in these information to avoid the newly increased penalties set in the Budget Law 2026.