Law No. 92/2014 "On Electronic Invoicing in the Republic of Albania" governs e-invoicing in Albania. In order to cut expenses, boost productivity, and enhance tax compliance, the law lays forth guidelines and practices for the use of electronic invoicing.
E-invoicing in Albania
Public
Albania
Author: Kristina Dosen
Category:
Fiscal subject related
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794
Content accuracy validation date:
31.03.2023
Content accuracy validation time:
09:51h
Content
The steps involved in e-invoicing in Albania are as follows:
- The seller uses their accounting software or an e-invoicing platform to create an electronic invoice in a defined format (XML or EDI).
- A secure electronic channel, such as email, a web portal, or a mobile application, is used by the seller to transmit the electronic invoice to the buyer. For added security, the invoice must have a digital signature or other type of electronic identity.
- The buyer receives the electronic invoice and examines it using the digital signature or another form of electronic identification to confirm its legitimacy.
- The buyer pays the electronic invoice in accordance with the agreed payment method.
- The electronic invoice must be kept by the buyer and the seller for a minimum of 10 years in a safe and easily accessible electronic format.
It's vital to keep in mind that all transactions between taxpayers who are registered for VAT and whose annual turnover exceeds ALL 8 million must use electronic invoicing (approximately USD 77,000). Taxpayers with lower yearly turnover, however, are voluntarily encouraged to utilize e-invoicing.
Also, the Albanian tax authorities have set up a common platform for electronic invoicing (EFaktura.al) that enables taxpayers to send and receive electronic invoices in a uniform format. Moreover, the platform offers real-time transaction monitoring, which deters tax fraud and avoidance.
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