Cash limits

The obligation to deposit the money (banknotes and coins) into the bank account.

1. The taxpayer who issues an invoice is required to deposit the funds (bills and coins) collected during the day for the supply of goods or services, which exceed the maximum cash limit, into his own bank account or into his account opened with other non-bank financial institutions that may accept deposits in accordance with the relevant law, the cash (banknotes and coins) collected during the day for the supply of goods or services that exceeds the maximum cash-in-hand limit, in accordance with Article 59(2) of the Law No. 9920, dated May 19, 2022, on tax procedures, On the next business day, after the day the vault's maximum was exceeded.

2. The taxpayer who issues an invoice, whose business bank accounts have been blocked for failure to pay obligations, may not pay in cash or keep cash in the till, but must deposit those funds into the business's regular bank account immediately or on the next business day.

Cash limits

1. The taxpayer who issues an invoice, except in cases specified in point 2 of Article 59/1 of the No. 9920, dated May 19, 2022, on tax procedures, may keep cash (bills and coins) in its cash register at the beginning of each business day up to the maximum cash limit. The cash amount is the initial sum of money (banknotes and coins) that the taxpayer may have in his cash register at the start of the workday or at the beginning of each operator's shift. The taxpayer issuing the invoice independently determines the maximum cash amount by issuing an internal act, in accordance with needs and security requirements, but it cannot exceed the maximum set out in paragraph 2 of this article.
2. The criterion for determining the maximum amount of cash a taxpayer may hold in their cash register is the taxpayer's annual turnover. The maximum allowed amount of cash in the register for taxpayers is scheduled as follows:

a. For taxpayers with annual turnover during the previous tax year of up to 2 million lek, the maximum allowed amount of cash in the cash register is up to 150,000 lek.;

b. for taxpayers with annual turnover in the previous tax year exceeding 2 million lek but not exceeding 10 million lek, the maximum allowed cash amount in the cash register is up to 500,000 lek.;

c. For taxpayers with annual turnover in the previous tax year exceeding 10 million lekë, the maximum allowed amount of cash in the cash register is up to 500,000 lekë or 51% of the previous year's annual turnover, whichever is higher.

In cases where a taxpayer commences operations during the calendar year, the maximum allowable cash limit in the cash register is determined in accordance with paragraphs (a), (b), and (c) of this point, based on the amount of turnover projected through the end of the year.

3. The maximum cash limit is set for the taxpayer issuing the invoice overall, and within that limit the taxpayer issuing the invoice may determine the maximum amount of cash in the cash register for each organizational unit or business location.
4. The maximum cash amount in the cash register, as provided in paragraph 2 of this article, does not apply to banks and other non-bank financial institutions.
5. The taxpayer issuing an invoice who carries out currency exchange transactions, Notwithstanding the provisions of paragraphs 2 and 3 of this article, the taxpayer issuing an invoice who carries out currency exchange transactions may set the maximum cash limit at up to 5,000,000 lekë or 5% of the previous year's annual turnover, whichever is higher.
6. The taxpayer issuing an invoice is required, at the beginning of each business day and before issuing the first invoice, to submit information via an electronic link (internet) established with the central tax administration, which is used to implement the fiscalization procedure, to submit information on the initial cash balance in the register for each electronic invoicing device.

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Source: Official Gazette