We refer to this post that explains briefly what “fiscalization” is.
Regarding fiscalization requirements in Albania, from a completely hardware system, including usage of standard fiscal devices with non-volatile fiscal memory, in 2019 it started with the implementation of the online fiscalization concept. The Law No. 87/2019 on Invoice and Circulation Monitoring System implies sending of transaction data to the authorities in real-time. The schedule of the implementation has been changed a couple of times, but from September 1st 2021 definitely all cash and cashless transactions (B2G, B2B and B2C) must be reported to the authorities in the moment of creation.
Several information needs to be provided to the authorities in advance – registering of business premises, points of sale, operators, software used, software manufacturer and maintainer.
Conducting fiscalization in a legal manner is only possible after acquiring the digital certificate for singing of transactions from the authorities and establishing internet connection in the stores.
Contribution by JB Fiscal Consulting
Latest Posts in "Albania"
- Albania Introduces Pre-Filled VAT Returns for Streamlined Reporting Starting April 2025
- Albania Needs New Fiscal Rules for Stability and Fairness in Budget Management
- Understanding VAT Rules for Service Exports from Albania: When to Charge 0% or 20% VAT
- Albanian Tax Administration Clarifies Invoice Exemption for Legally Registered Street Vendors
- Tax Administration Introduces Pre-Filled VAT Declarations for April 2025 E-Filing System
