Fishing boats to be exempted from circulation, carbon and excise taxes

Fishing boats to be exempted from circulation, carbon and excise taxes

Based on a late decision of the Ministry of Finances, fishermen will be eligible to be refunded of fuel used by certain fishing boats. The decision predicts that will be funded with fuel for their fishing activities the fishing subjects that have earned the status of registered expectant and meet the conditions predicted by law. These subjects will be exempted from the circulation tax, from excise and carbon taxes.

It is expected that these measures will have positive effects in the fishing industry but also in the hydrocarbons sector since, according to unofficial voices, many fishing boats used to buy fuel in neighboring countries in order to avoid taxes in Albania.

The government aims to boost the fishing industry since it will increase revenues of fishermen and boost tourism. Albania is a place rich in water sources throughout its territory and also rich in fish species, mostly in trout and carp.

News source: Top Channel

Photo credits: Nentor Oseku


Leave a Reply

Your email address will not be published.