Custom Tax removal approved

18/07/2011 16:25

The Parliamentary Commission of Economy approved the law that removes
the custom fees over used cars, and replaces it with an annual service tax,
which, according to the government, will reduce the fiscal burden.

“The owner of a car that was produced 9 years ago pays today 10,000 ALL per year. With this system they will pay 7,000 ALL, if the car consumes diesel, and 5500 if it consumes petrol”, declared Deputy Minister of Finances, Alfred Rrushaj.

The Deputy Minister declared that the Customs Fee will be removed even to those cars that have entered Albania after January 1st 2011, but with one condition:

“All cars that have entered Albania before the enactment of this law, but they will file the documentation after the enactment, will benefit from another formula”, Rrushaj declared.

The new package removes the circulation and registration tax, but in exchange, the government will increase fuel taxes by 7 ALL.

“In order to establish a greater balance, those who consume or use the infrastructure more than the others will have to pay more taxes”, the Deputy Minister declared.

The beer excise for domestic producers will be removed from 30 ALL to 10 and 12 ALL per liter. The custom fees for the import of inward processing raw materials and clothes will be totally removed.

The new tax is expected to enter in act in September 1st, and the total effect on the budget will be neutral, according to the government.

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