New Fiscalization Tax Reform Requires e-invoicing

As of January 1st, 2021, pursuant to Law 87/2019, the tax system reform “On electronic invoicing and turnover monitoring”, has officially entered into force in the Republic of Albania. The law amends all transactions occurring within the Republic and includes the reporting technicality to the tax authority as well as the application for electronic invoicing.

The reform allows for the automatic issuance of an electronic invoice with all the necessary information for both the seller and the purchaser at the time of the transaction. By registering the invoice, the declaration is valid for both parties in the transaction and is automatically reported to the Tax Authority.

Source: eurofast.eu

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