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Albania live invoice reporting 2020

  • Aug 3, 2019 | Richard Asquith

Albania is to require all taxpayers to submit B2B and B2C invoices in real-time from 1 January 2020. From 2020, all invoices must be live reported to the tax authorities. All filings and supporting records must also be processed electronically. 

The Albanian authorities hope to increase VAT revenues by 15% with this new e-invoice initiative. Recently, Italy stated that it had closed its VAT gap by over 10% with its new SdI e-invoice initiative this year.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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