TIRANA, June 16 /ATA/ – The initial phase of a new fiscalization tax reform launched by the Tax Administration since January 1, 2021, for non-cash transactions between the taxpayers and public entities via electronically-issued invoices only has performed positively with figures growing constantly each month.
The Minister of Finance and Economy Anila Denaj visited Wednesday one of the businesses included in the first phase of this tax reform.
“Paradiso” coffee shop in Tirana is one of the businesses already involved in implementation of the fiscalization process earlier than the legal deadline and is using the software solutions.
Finance Minister Denaj said that Tax Administration will continue to support business in fully implementing this important reform.
“The fiscalization reform implementation for business-to-business transactions will begin on July 1 and for business-to-consumer transactions will begin on September 1,” Denaj said.
Denaj noted that fiscalization is a new a new way of tax data management, which is constantly improving, in order to successfully finalize this reform.
Official data show that more than 4500 businesses have been already registered as part of the fiscalization process with more than 2 million fiscalized invoices of cash and non-cash transactions issued.
Fiscalization process is expected to yield positive effects to the country’s economy and businesses in particular as the automatic transactions and issuance of an electronic invoice shortens time and is safer for both the seller and the purchaser.
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