The Minister also confirmed that approximately 1,600 hotels on a booking page were not registered with the relevant tax authorities. Some hotels were therefore closed and could only reopen after registration. She also noted that 160 fuel suppliers and 453 construction companies also did not pay taxes.
The government informed the companies that they would have to pay a fine if they did not produce receipts.
According to the International Monetary Fund (IMF), the so-called black market was responsible for a third of economic activity between 1991 and 2015, the year of NATO membership and EU accession.
The new plan requires companies to report all online transactions from 1 January. By 2021, all tax transactions are to be electronic. The director-general of the tax department, Delina Ibrahimaj, expects the plan to move the country forward, with an approximately 15 percent increase in VAT collection and a more efficient tax collection process.
Corporate income tax in the country will be set at a flat rate of 15 percent. If a company has a turnover of less than eight million, it is exempt from this tax. In order for a company to be tax resident, it must be established in Albania or have a permanent establishment there.