Get acquainted with the Law “On the Invoice and the Monitoring System of Turnover” (fiscalization).

In this page you will find the 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, according to transaction bands and types, will be as follows: a) For cash transactions by taxpayers subject to value-added tax and simplified profit tax with annual revenue exceeding 8 million lek, the provisions of this Law shall take effect on September 1, 2020. b) For cash transactions by taxpayers subject to value-added tax and simplified profit tax with annual revenue over 2 million lek, the provisions of this Law shall take effect on January 1, 2021. c) For cash transactions by taxpayers subject to simplified profit tax with annual revenue up to 2 million lek, the provisions of this Law shall enter into force on January 1, 2021. d) For cashless transactions between taxpayers and public bodies, the provisions of this Law shall take effect on January 1, 2021. e) For cashless transactions between taxpayers, the provisions of this Law shall take effect on July 1, 2021. The object of this Law is to establish the principles, rules, criteria, obligations, deadlines, and procedures to be followed by taxpayers and the producers and maintainers of software solutions, regarding the issuance of the invoice, accompanying invoice and electronic invoice, the content of invoices, data recording, and the procedure for the fiscalization of invoice issuance, the receipt of payment information, certification, and the 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. As of December 2, 2019, this law, and other subsidiary acts, have been published in the online space dedicated to public consultation: https://www.konsultimipublik.gov.al/Konsultime/Institucioni/4 Source: General Directorate of Taxes.