Cash payments toward the limit if they exceed this amount

The fiscal package also foresees an amendment to the law “On Tax Procedures,” aimed at reducing informality and limiting cash payments.

“In this package, four measures are planned. The first concerns businesses, which will be allowed to conduct cash transactions with each other up to 100,000 lek from the current 150,000 lek set by the legal framework. Above this amount, every business will have to make payments through the bank. Additionally, businesses will be allowed to sell goods and services to consumers in cash up to 500,000 lek. Beyond this amount, every sale must be made entirely through bank transactions or other electronic forms,” said Malaj.

To reduce the use of cash for paying for goods and services, it will be mandatory that, in addition to cash payments, businesses install devices for electronic payments by 2026.

“Within the first six months, businesses in the tourism and transport sectors, in addition to cash payments, will have to provide alternative forms of electronic payments, including credit and debit card payments or other electronic forms. Meanwhile, this requirement must be met by all other businesses by December 31, 2026. These measures will serve not only to reduce the use of cash in the economy but also to reduce informality,” said the Minister of Finance.

The same draft law also aims to promote sports sponsorships.

“The draft law on income tax includes a series of measures related to expanding the category of entities that benefit from recognizing sponsored amounts as deductible expenses up to 5% of pre-tax profit. In expanding the categories that benefit, in addition to sports teams, we also propose including sponsorships for the activities of sports federations, as well as sponsorships for athletes who have won titles for merit in sports. Furthermore, through this draft law, we recognize sponsorship income as well as tax-exempt income. At the same time, we have proposed increasing the recognized amount for sponsorships for research and development from 3% to 5% of pre-tax profit,” said Malaj.

From January 2026, a campaign will begin to revalue real estate with a reduced tax rate of 5%, down from the current 15%. This initiative aims to give all citizens and businesses the opportunity to align the value of their property with real market prices.

“KORÇA BOOM”