Albania is moving from a paper based invoicing system to a real-time e-invoicing system. Procedures for invoicing and declaring VAT are changing.
Forget about the old invoicing procedures and get ready. As of 1 January 2021, e-invoices should be issued for B2G transactions. Whereas, for B2B and B2C (cash) transactions there is a little more time, as the new procedures come into force on 1 July 2021 and on 1 September 2021 respectively.
To issue e-invoices you need an electronic device or a software solution, which enables real-time data delivery to the tax administration system for each e-invoice issued. To ensure compliance, you also need to be well-prepared as a set of new rules have been introduced by the new law on “fiscalization”.
Check if you are ready. Try to answer the following questions:
How can we help?
We have a dedicated team well-equipped to assist you on any query you have on e-invoicing, and its successful and timely implementation. We are currently collaborating with a number of software providers to help clients integrate their billing, CRM, ERP systems with the e-invoicing by:
reviewing and analyzing current transactions and processes;
designing new ERP and billing components to ensure compliance with the new e-invoicing rules and procedures;
preparing e-invoicing manuals;
training you and your staff to quickly adapt to new processes and procedures;
reviewing VAT ledgers and returns to ensure compliance;
assisting with getting the necessary approvals for e-invoicing on time.