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Albania Introduces Temporary Solidarity Contribution on Electricity Producers

26 January 2023

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Approved Changes

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Albania

Albania published Law no. 98 of 2022 in the Official Gazette on 17 January 2023, which contains measures for the introduction of a temporary solidarity contribution on excess income of electricity producers in Albania. The solidarity contribution is imposed at a rate of 50% on excess income on the sale of electricity at a price exceeding ALL 8.5 per KWh. Starting from 2023, electricity producers must calculate the excess income based on the average price in the previous year and the ALL 8.5 per KWh limit. Based on the excess income, the solidarity contribution amount must be declared by 31...