Albania's customs revenue rise 4.6% y/y in Jan-Sept 2013.

By bne IntelliNews November 4, 2013

The Albanian customs administration collected revenues of ALL 97.9bn (EUR 699mn) in the first nine months of 2013, up by 4.6% y/y, data from the customs administration showed. The figure accounted for 99% of the plan for the corresponding period.

The annual growth was exclusively due to better performance of the revenues from excise duties, which advanced by 54.2% y/y and revenues from mineral royalties, up by 39.5% y/y in the period. On the other hand, VAT proceeds, which had the largest share in total (63.5%), declined by 7.4% y/y. Revenues from customs duties witnessed a 10.7% y/y decrease.

The weak performance in some of the specific types of customs revenue could be attributed to the lower value of taxable imports (down 8.6% y/y in January to September 2013), data showed. The exchange rate dynamics in the period had only limited effect.

Albania Customs' Revenues Jan-Sep (ALL mn)  
  2012 2013 y/ychange (%)
Customs Duty 4,507 4,025 -10.7
Excise 16,604 25,600 54.2
VAT 67,106 62,160 -7.4
Mineral Royalty 4,187 5,839 39.5
Other 1203 265 -78.0
Total 93,607 97,889 4.6
Source: Albanian Customs    

Related Articles

Albanian stock exchange expected to launch in autumn 2017

Albania’s first private stock exchange is expected to be operational soon, most probably this autumn, after it was licensed by the financial supervisory authority, AMF, earlier in July. The ... more

Albanian opposition Democrats re-elect party leader despite disastrous election defeat

Albania’s opposition Democratic Party (DP) re-elected Lulzim Basha as party leader for another four-year mandate on July 22, despite the catastrophic general election defeat in June. Basha, 43, ... more

Albanian PM says new government to get rid of “parasites” in administration

Dismissing "parasites" in the public administration will be the priority of the Socialist-led government during its second mandate, Albanian Prime Minister Edi Rama has said, ... more

Dismiss