Maximum Amount Of Petty Cash Allowed For Business Entities
| Author | Ms Drilona Likaj |
| Law Firm | Eurofast |
| Published date | 20 February 2023 |
Anew version of the existing law on Tax Procedures was recently published by the Ministry of Finance in Albania. According to the latest changes, every business that operates with cash transactions is obliged to deposit in its bank account the entire amount that exceeds the maximum allowed level of the cash balance in the cash register. This action is mandatory to be performed every day, based on the result of the previous working day.
In cases where the taxpayer's bank accounts have been blocked due to...
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