INFORMATION ON TAXES AND TAXES APPLICABLE IN THE FIELD OF INSURANCE
For insurance premiums deriving from the insurance activity, taxes and duties are regulated according to the legal framework as follows:
LAW no. 92/2014
ON VALUE ADDED TAX IN THE REPUBLIC OF ALBANIA
Article 53 "Exceptions for some other activities"
The following transactions are supplies exempt from VAT:
a) insurance and reinsurance services, including the provision of insurance and reinsurance mediation services by insurance agents and brokers.
LIGJ No.9975,
dated 28.7.2008
FOR NATIONAL TAXES AMENDED
Article 4: Level of National Taxes
10. Tax on written premiums, excluding insurance premiums for life products, travel health and green card, is 10 percent of the premium amount. (Amended by Law No. 127/2016, dated 15.12.2016. Published in the Official Gazette no. 250 dated 27.12.2016).
Compensation payments arising from insurance contracts are not subject to the application of taxes as they are not considered income.