In a significant move towards enhancing tax transparency and combating tax evasion, Albania has introduced new regulations on country-by-country (CbC) reporting. The regulations, which came into effect on 11 August 2024, outline specific rules and procedures that ultimate parent entities and constituent entities of multinational enterprise (MNE) groups must follow when preparing CbC reports and notifying tax authorities.
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Albania implements reporting legislation
Albania
Author: Nikolina Basic
Category:
General subject related
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134
Content accuracy validation date:
30.09.2024
Content accuracy validation time:
08:00h
Other news from Albania
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
Public
All countries
Author: Kristina Dosen
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more
Fiscalization rules for Vending Machines in Albania
Public
Albania
Author: Niklina Basic
Albania
Author: Niklina Basic
In a move to enhance tax compliance, Albania has classified vending machines as a type of electronic cash register. These machines, automatically distribute goods or provide services to consumers. By the legislation, vending machines are defined as devices that dispense goods or services upon payment through money, tokens, credit or debit cards, or similar methods. All sales made through these sel... Read more
General rules about the fiscal receipt requirements in Albania
Public
Albania
Author: Nikolina Basic
Albania
Author: Nikolina Basic
In the terms of fiscalization rules, the Albanian government has clarified the regulations surrounding fiscal receipts, emphasizing the flexibility retailers have in designing their receipts. While the layout is not strictly predefined, all legally required elements must be included. These elements include the fiscal receipt number, POS ID, NSLF (receipt issuer security number), NIVF (unique ID co... Read more
New document was uploaded: Overview of fiscalization in European countries
Author: Kristina Dosen
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Specifics regarding the procedure for the fiscalization of receipts (invoices) in Albania for certain taxpayers
Public
Albania
Author: Nikolina Basic
Albania
Author: Nikolina Basic
What will be the procedure for the fiscalization of receipts (invoices) from taxpayers who provide services of a hotel/tourism nature (a bar, restaurant, or premises where drinks and food are consumed, etc.)? The fiscalization system in Albania was established years ago. Pursuant to point 3, Article 8 of Instruction No. 16, dated April 3, 2020, "On the invoice and circulation monitoring system," a... Read more
New document was uploaded: Digital Product Passport
Author: Kristina Dosen
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