Albania: Tax law changes

Albania: Tax law changes

Tax law changes in Albania, effective 2016, concern certain “national” taxes, excise taxes, and social insurance contributions.

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Among the changes are:

  • An increase in the rate of tax on insurance premiums (increased to 10%, up from 3% of the amount of written insurance premium)
  • Measures concerning the tax on “luxury cars”
  • Rules for determining the “infrastructure tax” imposed on the sale of buildings and for determining the “tax on immovable property”
  • Provisions that the tax on royalties will be expressed not as a percentage of the wholesale price, but as a fixed amount per unit (in certain instances) 
  • Provisions concerning the excise tax (or customs duty) on oil derivatives, tobacco products, the rules for customs seizure of vehicles not displaying a fiscal stamp, surveillance camera requirements for taxpayers that are “approved depositories” for customs purposes
  • Rules for determining the salary of self-employed individuals engaged in certain activities for social and health insurance contributions

 

Read a 2016 report prepared by the KPMG member firm in Albania: Amendments and Additions to the Albanian Tax Legislation

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