The deadlines for taxpayers in Albania to implement fiscalization rules are approaching, with the first group of affected taxpayers—those that carry out business-to-government (B2G) cashless transactions—being required to follow new procedures for the issuance of invoices beginning on 1 January 2021. The law “On electronic invoice and turnover monitoring system” (also known as the law on fiscalization), which provides for a combination of technology and regulations to enable the Albanian tax authorities to monitor taxpayers’ turnover in real time, was approved by parliament in December 2019. Additional guidance has since been published on the implementation of the new rules, and this article provides an overview of some of the main provisions of the guidance published to date.
Source Deloitte
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