Penalties for noncompliance with fiscalization rules deferred for certain taxpayers

Legislation published in Albania’s official gazette on 28 December 2021 postpones the application of penalties for administrative breaches of the “fiscalization” rules through 30 June 2022 for certain categories of taxpayer.

Law No. 87/2019, “On electronic invoice and the turnover monitoring system” (known as the law on fiscalization) was published in the official gazette on 20 January 2020, with the measures in the law scheduled to become effective on various dates during 2021. The law provides for a combination of technology and regulations enabling the Albanian tax authorities to monitor taxpayers’ turnover in real time and, according to the tax authorities’ website, “fiscalization” is a reform project intended to reduce the size of the “grey” economy.

Source Deloitte

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