Is the Fiscalization Process a Sustainable Tool to Reduce the Informal Economy? The Effects and Challenges after the Implementation Compared with the Region Countries
Is the Fiscalization Process a Sustainable Tool to Reduce the Informal Economy? The Effects and Challenges after the Implementation Compared with the Region Countries

Author(s): Jonada Mamo, Rovena Vangjel
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Fiscalization process; Informality; Region
Summary/Abstract: During the year 2021, the government took measurements for the full implementation of the law no. 87/2019 date 18.12.2019 “On electronic invoice and the turnover monitoring system”. All businesses in Albania experienced a difficult period through staff training and continuous online platform problems of the software etc. Now, one year after the implementation of the law we may see if there is any positive effect on the business’s activities. What about this process in other countries in the region? The questionnaire was created for companies in the cities of Tirana and Durres. The results will show the effort of the tax authority administration to support businesses during this transition phase and if there are still fiscal and technical challenges for both parties after the full process of implementation. We will also analyze if this process has had an impact on the informal economy in Albania.

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