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Finance Minister hosts consultation meeting on fiscalization bill

TIRANA, Aug 22 /ATA/ – The Minister of Finance and Economy Anila Denaj hosted met with representatives of information technology companies as part of the public consultation meetings to discuss the proposed fiscalization bill seen as another important step toward digitalization process of Albania’s tax administration.

In her remarks at the meeting, Finance and Economy Minister noted that IT community plays a crucial role in easing business procedures during this important transformation stage designed to modernize Albania’s fiscal system.

Denaj welcomed opinions and proposed solutions made by the IT community to employ in a new billing technology system.

The fiscalization project aims to create an on-line real-time monitoring system of fiscal devices such as cash payments for both business and consumer transactions as well as for business-to-business transactions by 1 January 2020.

Fiscalisation reform is another major commitment of the Albanian government in a bid to minimize the informal economy by modernizing its tax monitoring system. The project’s overall objective is to minimize the level of informal economy, improve revenue collection, easier identification of tax evasion, make tax audit more cost-effective, combat corruption in the administration, deliver a wider range of more services to the public and businesses and bring Albania closer to European Union standards.

/z.tosku/u.sh/

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