Through the latest ministerial order, the Ministry of Finance
has announced the change of National Accounting Standard no. 15,
which affects all business units classified as “micro
entities”.
Specifically, starting from the financial period which begins on
January 1st, 2022, the submission of annual financial
statements and the keeping of the supporting financial documents
will be mandatory for all these entities.
Until today, micro-enterprises submitted electronically the
simplified income tax statement, while all economic entities with
an annual turnover greater than 5 million ALL had the obligation to
submit Financial Statements. Now, this restriction was removed,
leading to a standardization of the Reporting methods on all the
reporting entities in Albania.
