{"id":315,"date":"2022-07-25T09:41:15","date_gmt":"2022-07-25T09:41:15","guid":{"rendered":"https:\/\/atlantik.com.al\/?page_id=315"},"modified":"2022-09-09T08:04:37","modified_gmt":"2022-09-09T08:04:37","slug":"informacion-mbi-taksat","status":"publish","type":"page","link":"https:\/\/www.atlantik.al\/en\/informacion-mbi-taksat\/","title":{"rendered":"Information on taxes"},"content":{"rendered":"
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Home >> Information on Taxes<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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INFORMATION ON TAXES APPLICABLE IN THE FIELD OF INSURANCE<\/strong><\/p>

Based on Article 66\/3\/d of Law no. 52\/2014 \"On reinsurance activity\", <\/strong>for fulfilling the obligation to inform interested persons, <\/strong>below you will find information on applicable taxes and duties in the field of insurance:<\/strong><\/p>

For each insurance contract, the applicable insurance premiums, taxes and duties are as follows:<\/p>

  1. Law no. 92\/2014 \"On value added tax in the Republic of Albania\"<\/strong><\/li><\/ol>

    Article 53 - \"Exceptions for some other activities\"<\/p>

    The following transactions are supplies exempt from VAT:<\/p>

    1. a) insurance and reinsurance services, including the performance of mediation services in insurance and reinsurance by insurance agents and brokers.<\/li><\/ol>
      1. Law no. 9975, dated 28.7.2008, \"On national taxes\" as amended<\/strong><\/li><\/ol>

        Article 4 - National tax level\u00a0(item 10)<\/em><\/p>

        10<\/strong>. Tax on written premiums, with the exception of insurance premiums for life, travel health and green card products,\u00a0is 10 percent of the premium amount<\/strong>.\u00a0(Amended by Law No. 127\/2016, dated 15.12.2016. Published in the Official Journal No. 250, dated 27.12.2016)<\/em>.<\/p>

        For the payments of damages derived from insurance contracts, mandatory or voluntary, we clarify that no duties\/taxes are applied because they are not considered as income.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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