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The government has abolished taxes for small business by 2030, but fiscalization with the costs it has brought was an indirect tax on them.
The process, which started in 2021, is moving towards the second phase on July 1, the deadline for fiscalization of all small businesses, while this category that accounts for 90% of the Albanian economy may face fines and bankruptcies according to associations. in conditions when there are about 35 thousand of them out of the system by the end of May.
“There is a cost that is somewhat unaffordable. The system costs from 500 – 1000 euros, because it is not a fiscal cash register, but it is a whole system with 9 elements together. It is very difficult to work with, a system that is not used in any country in Europe. For small and medium business that does not have school skills will this problems, large fines and multiple bankruptcies of businesses. Otherwise you will have to get an accounting economist, who wants a salary of not less than 500 thousand old lek. It is unaffordable at this difficult time for small businesses to get an employee, ”said Albert Nasto Small Business Association
Another problem raised by the Institute of Accountants is data security as in the SelfCare invoices portal you log in through your e-albania account, making it easier to be exposed to cyber attacks. Meanwhile, in rural areas where the internet infrastructure is not yet extended, the process is also in difficulty to be realized. The Ministry of Finance has twice postponed the fiscal deadline due to numerous problems and if a third postponement does not occur, the ones that will follow are fines. The fine in the conditions of a price crisis can send many entities, especially those of retail trade to closing, which according to the figures are reporting declining turnovers.
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