VAT on small businesses to undergo a 3-month trial: Tax Authority
The first self-declaration of about 11 thousand businesses that were included in the VAT scheme will be made on July 14 this year.
According to Albania’s tax administration, business will find it very easy to adapt to new self-declaration procedures, which are similar to those of social security declaration.
April 1 marked the date when small businesses were informed on new VAT bills, as well as with the new format of fiscal boxes.
However, challenges until July 14 will not be easy.
Questions arise starting with the ability of business to adapt to new procedures, and involving the ability of the tax administration to cope with the increased VAT flow of business, the risk of cost increases due to forced contracting of accountants, the success of coping with evasion, which was also the main goal of lowering the VAT threshold for small businesses.
The Deputy General Director of Taxes ensures that all measures are taken to cope with the influx of this administration, as well as to instruct businesses on new procedures.
SCAN
*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.