In 2018, businesses will use for banks same financial statement account they use for taxes

07/12/2017 12:45

Business companies will be forced to keep only one financial statement account, the same for taxes and banks.

The initiative of the Ministry of Finances and the Bank of Albania aims to stop abuses with fictive balance sheets, which encourage tax evasion and change the final figure of the paying ability of businesses, a requirement for second-hand bank loans.

The initiative of the Albanian Minister of Finances, Arben Ahmetaj, was supported by the Bank of Albania Governor,.

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