RECENT DEVELOPMENTS IN ALBANIA
• Customs Value of Goods
On 23.01.2018, the Minister of Finance and Economy approved
Instruction no. 3, dated 23.01.2018 "On valuation of goods for
customs purposes" (the "Instruction"), entering into
force upon its publishing in the Official Journal (i.e.
26.01.2018).
The customs valuation is the procedure of determining the value
of the goods and services related to them for customs purposes,
which is the basis for calculation and payment of ad valorem
customs duties (including VAT).
Transaction Value Method
Pursuant to law no. 102/2014 "Customs Code of the Republic
of Albania" (the "Customs Code"), there are six
methods for assessing the value of goods. The first and main method
is the "Transaction Value" method, according to which the
value of goods corresponds to the price actually paid or payable
for the goods when sold for export to the customs territory of
Albania, adjusted, where necessary. The paid or payable price
