fiscalization-cashless-transactions – Albanian Telegraphic Agency.

Rama: Fiscalization, declarations have increased 7% in private sector

Sonila Mehmeti — Thu, 05 Jan 2023 20:31:43 +0000

TIRANA, Jan 5 /ATA/ Prime Minister Edi Rama announced on Thursday that “Fiscalization is a success story with 100% of large business and 93% of small business now online 24/7, which means more transparency, less informality.”

Rama shared on social media the photo of a note taken during the marathon meeting with the government ministers.

Rama also wrote that declarations, wages and insurances have increased 7% in the private sector just from formalization, thanks to awareness checks.

Rama also underlined that foreign direct investments amounted to 984 million euros for the period January-September 2022, or 255 million euros more than January-September 2021.

Since January of last year, businesses that issue invoices to state institutions have been compelled to use the new electronic invoice system.

The second phase of Fiscalization, which includes cashless transactions between businesses (B2B), started to be implemented from July 1, 2022. Now these businesses must only issue electronic invoices.

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4500 fiscalized entities/ Process started ahead of schedule

Sonila Mehmeti — Mon, 14 Jun 2021 09:00:46 +0000

TIRANA, June 14 /ATA/ The first phase of Fiscalization for cashless transactions between taxpayers and public entities, which started on January 1, is running normally.

According to the authorities, the Fiscalization reform has seen a positive performance with figures increasing significantly on a month to month basis. So far, over 4500 entities have been fiscalized and a total of over 2 million fiscalized invoices have been issued for cash and cashless transactions.

Minister of Finance and Economy, Anila Denaj visited on Monday one of the businesses that is involved in this first phase of this reform.
She announced that the Tax Administration will support the business to enable the implementation of the process.

“Joana runs a clothes store in Tirana and has started to implement the Fiscalization process, earlier than the deadline set by law. “She has been issuing fiscalized bills for 2 months and uses software solutions,” said Denaj.

For business-to-business transactions, the implementation of Fiscalization starts as of July 1 and thee business to consumer transactions starts as of September 1. /j.p/sm/

Fiscalization/ Over 250 thousand invoices issued

Sonila Mehmeti — Fri, 09 Apr 2021 19:00:57 +0000

TIRANA, April 9 /ATA/ The General Directorate of Taxes announces that during March over 250 thousand electronic invoices were issued.

“The number of invoices and cash receipts issued only in the first week of April is 76154 from 1223 taxpayers. Of them, 4720 is the number of invoices issued to Public Entities, while 352 to private entities. The number of cash receipts is 71082. The issuance of invoices has performed positively comparing the figures to the first 3 months, with a total of 76566 invoices issued in January, 143489 in February and 250527 issued in March, ” according to General Directorate of Taxation.

According to the data, until April 7, 17652 participants attended the trainings held in all Regional Tax Directorates, of whom 1252 are Public Entities, 15035 taxpayers and 1365 accountants.

Meanwhile, 10 trainings were held in cooperation with the associations of experts and accountants, with a number of 1250 participants.

The GDT says that since March 1, the inspectors have conducted informative field visits, where taxpayers have accessed the necessary material and information related to fiscalization.

Fiscalization is being implemented in 3 phases: the first phase includes businesses to public entity cashless transactions. The second phase starts on July 1 for business to businesses cashless transactions and on September 1 for all cash transactions and business to consumer.
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