Notification of the tax administration on the declaration of accounting records – Taxation
Albania: Notification of the tax administration on the declaration of accounting books
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A few days before the deadline for declaring the monthly accounting books and the VAT balance, the Tax Administration reminded taxpayers subject to VAT of the correct way to declare the sales and purchase books as well as the VAT declaration sheets. via written notification. According to the tax administration, these processes will continue to be carried out via the electronic declaration account (E-filling) at the General Directorate of Taxes for the period of August 2021.
The use of non-taxed invoices being still authorized in August and some companies carrying out cash transactions having chosen to implement taxation only in September, the filling of the headings will continue to be done manually, thus allowing the declaration of all invoices in any format, taxed or not.
In recent months, tax inspectors have made visits to various companies to advise on the implementation of the electronic reporting and monitoring system.
In the previous announcement, the tax administration encouraged all taxpayers to immediately implement taxation. The third phase would come into force on 01 September 2021 and would allow automatic monthly reporting of all buy and sell transactions.
After the transaction tracking system would only consider as valid electronic invoices exchanged between the parties to the transaction, and non-taxed physical invoices, which were issued previously, will not be recognized.
The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.
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