TIRANA, Aug 29 /ATA/- Albanian Association of Banks (AAB) welcomes the government’s legal initiative for “Fiscalisation”, describing it as important for entire economy of the country.
Secretary-General Spiro Brumbulli says that the new law will reduce tax evasion and fraud, deter fictitious bills and, in general, help formalize the economy.
Increasing the reliability of financial statements will have a positive impact on transactions with banking system, including access to credit, Brumbulli quotes.
In its entirety, the process of “Fiscalisation” includes the banking system as a key link in real-time reporting of all business invoice payments made through their accounts.
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