As reported earlier in our previous update from April 2020, the Albanian Parliament approved Law No. 87/2019, also called the law on “Invoice and Circulation Monitoring System”. The new software-based fiscalisation model will allow tax authorities to achieve better tax controls and eliminate tax evasion.
The law entered into force as per the following timelines:
- January 2021 - for cashless transactions between taxpayers and public bodies (B2G); also, cash transa…