Law No. 87/2019, dated 18.12.2019 “On the invoice and circulation monitoring system”, published in the Official Gazette No. 3, dated January 20, 2020. Its implementation, by bands and types of transactions, will be carried out as follows:
- For cash transactions by taxpayers subject to value-added tax and income tax with annual revenues exceeding 8 million lek, the effects of this Law begin on September 1, 2020.
- For cash transactions by taxpayers subject to value-added tax and simplified profit tax with annual revenues exceeding 2 million lek, the effects of this Law take effect on January 1, 2021.
- For cash transactions by taxpayers subject to simplified profit tax with annual income of up to 2 million lek, the effects of this Law take effect on January 1, 2021.
- For cashless transactions between taxpayers and public authorities, the effects of this Law take effect on January 1, 2021.
- For cashless transactions between taxpayers, the effects of this Law take effect on July 1, 2021.
The object of this Law is to determine the principles, rules, criteria, obligations, deadlines, and procedures to be followed by taxpayers and producers/maintainers of software solutions, related to the issuance of invoices, accompanying invoices, and electronic invoices, the content of invoices, data registration and the invoicing fiscalization procedure, the receipt of payment information, and the certification and supervision of the implementation of this Law.
The provisions of this Law guarantee the continuity of the operation of fiscal devices prior to the entry into force of this Law.
This Law aims to reduce informality in the economy and tax evasion, increase transparency, and verify transactions in real time.
Also, three very important draft secondary acts on fiscalization:
- Government Decree on the technical and functional requirements of the software solution for the invoicing and fiscalization procedure, as well as the procedure and criteria for registering software producers and maintainers.
- Instruction “On the invoice and the monitoring system of turnover”
- Government Decree on the criteria for using the simplified invoicing procedure.
These secondary regulations will be finalized once the public consultation has concluded, incorporating interest groups and the general public with their comments and suggestions.
As of December 2, 2019, these draft Acts have been published in the online space dedicated to public consultation: https://www.konsultimipublik.gov.al/Konsultime/Institucioni/4. The Tax Administration welcomes any suggestions, questions, or feedback you may have on these drafts at the email address. [email protected].
Download the secondary legislation. Instructions for the Invoice and the Traffic Monitoring System“ Decision – On the Criteria for Using the Simplified Fiscalization Procedure VKM – ON THE TECHNICAL AND FUNCTIONAL REQUIREMENTS OF THE SOFTWARE SOLUTION FOR THE INVOICING AND FISCALIZATION PROCEDURE
Source: General Directorate of Taxes.