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As reported earlier in our previous update from April 2020, the Albanian Parliament approved Law No. 87/2019, also called the law on “Invoice and Circulation Monitoring System”. The new software-based fiscalisation model will allow tax authorities to achieve better tax controls and eliminate tax evasion. The law entered into force as per the following timelines: January 2021 - for cashless transactions between taxpayers and public bodies (B2G); also, cash transactions performed by taxpayers subject to VAT and simplified CIT with an annual turnover between ALL 2 million (ca. EUR 16 520,00), and ALL 8 million (ca. EUR...