The Ministry of Finance announced the automation of the monthly
declaration of ledger books in the tax system.
March 2023 has marked a substantial progress in the automation
of the financial procedures in Albania. The process of monthly
declaration of ledger books was a time-consuming procedure because
it was done manually. We are all aware that procedures done
manually have a bigger probability to bring mistakes than those who
are made automatically so these changes bring many benefits to
businesses.
The news was first announced in March 2022 and would be
effective starting from July 1st, 2022. However, a few
weeks later a second announcement was made stating that this
procedure would continue manually, and was extended for an
indefinite period. Finally, the time has come for the ledger books
to be uploaded automatically in the tax system, although VAT
balances will keep being uploaded manually.
