Tax/Customs Update

1. Amendment to Excise Law

A new amendment no.126/2016 "On some changes and additions to the Law no.61/2012 "On excise in the Republic of Albania", as amended", is effective as of January 1st, 2017. Some of the main changes brought by this latest amendment include the followings:

• Biofuels used in the transport sector become subject to excise reimbursement for the value of the excise duty paid corresponding to the quantity of the "BIO" product, up to 5%. The reimbursement shall be performed until 2020.
• Energy products such as petroleum gases and other gaseous hydrocarbons (with NC 27 11) will be subject to excise duty only if such products will be used as fuels for vehicles in road transport.