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TIRANA, October 24/ATA/- Fiscalization project is the government’s next commitment to minimizing the informal economy through modernizing its tax monitoring system.
As of January 1, 2020 all business-to-consumer (B2C) transactions will be reported to the Tax Administration in real time based on a new fiscal device system.
The Albania’s Minister of Finance and Economy, Anila Denaj and the Minister of State for Enterprise Protection, Eduard Shalsi held Thursday an interpellation with entrepreneurs and businesses representatives through co-governance platform about transformative process of implementing of online cash registers in the fight against informality.
In her speech, Minister Denaj emphasized that, main purpose of this project is to combat tax evasion via sound legislation, technological equipment and real-time information obtained on every transaction carried out in the country.
Also, Minister Denaj said that the fiscalization project aims to improve tax collection, reduce corruption in the administration, and provide more public services to citizens and businesses.//a.i/
