TIRANA, July 29/ATA/ The Fiscalization Process, a reform undertaken by the Tax Administration and launched since January 1 this year, is expected to have a positive effect on the entire economy of the country and especially on businesses, as the automated exchange of electronic invoices shortens time and is safer.
The Minister of Finance and Economy, Anila Denaj stated on Thursday following a visit to one of the curtain stores in the capital that, from July 19 to July 25 of this year, have been issued 1.4 million cash invoices.
Fiscalization reform is being implemented in three phases.
The first phase of the implementation of the Fiscalization reform applicable to cash transactions between taxpayers and public entities, also known as business-to-government (B2G) kicked off on January 1 this year.
The second phase of Fiscalization, which includes cashless transactions between businesses (B2B), started on 1 July.
While, the third phase of Fiscalization is expected to start on September 1 for all cash transactions (B2G, B2B, and business-to-consumer or (B2C). //a.i/
