New Tax Regime for the Oil Industry

23. February 2021 | Reading Time: 1 Min

New legislation regulating the taxation of the petroleum sector applies in Albania as from 2 February 2021 approved by the Albanian parliament  replaces the existing law  enacted from  April 1994 and sets out the applicable taxation regime for petroleum operations with respect to:

  • Profit tax on petroleum operations;
  • Royalty tax; and
  • Local and national taxes, and the extent to which a petroleum agreement may affect the obligation to impose tax


Law No. 153/2020 “On the fiscal regime in petroleum sector”, approved by the Albanian parliament on 17 December 2020 and published in the official gazette on 18 January 2021
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