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)|
|Source: Albanian Customs|
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