• Monthly reporters are in permanent contact with Kosovo Pensions Savings Trust (KPST).
• At the end of each month (preferably until 10th of the following month), monthly reporters should send the data (monthly salaries and pension contributions list for each employee) by e-mail, or in person, using a simple Excel sheet (prepared by the KPST) at the KPST offices.
• The KPST staff then generate the payment form, based on the data submitted by the employer, which is then sent back to the employer after two working days, to enable the latter to make the payment at the bank.

• What are the advantages of monthly reporters?

• Employer does not need to fill the form by hand, which enables each payment to correspond to the total of reported contributions for the reported month, thus eliminating the potential over or under payments.
• It also eliminates the possibility of other errors or poor data quality, such as errors on Business Registration Numbers, reporting period, etc.
  
• Through monthly reporting, errors can be traced and eliminated on employee ID numbers, thus avoiding the error before the quarterly report is sent to Tax Administration. With quarterly reports one erroneous ID number delays the processing of the report for a long time, consequently the contributions will not be allocated to any of the contributors.
• The KPST generates quarterly reports for each company which is sent to employers for a double check, eliminating the possibility of discrepancies between payments that were done and the sum of quarterly contributions.
• When the quarterly report is confirmed by the employer, the KPST sends the reports in electronic format to Tax Administration. Electronic format contributes to the acceleration of processing and reconciliation of the company’s data.

Through monthly reporting the KPST is more informed on what happens to the contributions of individual employers and has a greater possibility to intervene and adjust potential blockages of processing or reconciliation of paid contribution. Employers complete data are already in the KPST database which increases the possibility of interventions.

• Monthly Reporting Steps

• Download the Excel table
• Complete the table with the required information for all employees and the employers.
• Send the table by e-mail or in person to the KPST
• The Contributions Payment Form is received in word processing format, which is then used to make the payment
• The KPST generates at the end of each quarter the Quarterly report which is then forwarded to you for double checking before it is forwarded to the Tax Administration.

For any additional information please do not hesitate to contact Employer Relations Department:

Bardhyl Shehu (bardhyl.shehu@trusti.org),

Visar Ponosheci (visar.ponosheci@trusti.org), and

Naim Caka (naim.caka@trusti.org)

Through below listed email:
report@trusti.org .

Or through phone numbers:
Phone.:(038) 244 341; ext 104 and 105
Fax.:(038) 244 368