The draft law “On the invoice and the monitoring system of turnover,” also known as “Fiscalization,” will remain part of the public consultation until the end of August. The Ministry of Finance and Economy considers the public consultation process very important in order to ensure a transparent and inclusive process. To this end, all interest groups and the general public have been invited to provide their comments and suggestions.
Thus, alongside the online platform: http://www.konsultimipublik.gov.al/Konsultime/Detaje/195 and the https://www.tatime.gov.al/c/424/fiskalizimWe inform you that the public consultations at the Ministry of Finance and Economy with various interest groups have been scheduled for the following dates:
Public Consultation Calendar
• August 20 – Meeting with accountants
• August 22 – Meeting with the IT business
• August 23 – Tax Council Meeting
• August 27 – Meeting with business associations
• August 28 – Meeting with the Association of Banks
• August 29 – Investment Council Meeting
The draft law aims to establish a new system for invoicing and monitoring business transactions in the country. It provides that, starting January 1, 2020, all transactions between businesses and consumers will be reported to the Tax Administration in real time, based on the new fiscal device system, while as of January 1, 2021, all transactions between businesses and between businesses and public authorities will be conducted on the basis of electronic invoices.
The draft law “On the Invoice and the Monitoring System of Turnover” has been submitted for public consultation as of August 1, a process that will last until the end of August 2019.