The General Directorate of Taxation announced Thursday the launch of an operation to verify the source of income and earnings of the owners of high-end vehicles registered with the General Directorate of Road Transport Services in the last two years.

Official data show that a total of 6495 luxury cars with a minimum value of 50,000 euros have been registered 2023 and 2024.

Preliminary verifications by the tax administration show that 400 high-end vehicles have been identified as being registered to individuals who have no reported earnings.

Tax Administration is now cross-verifying income declarations against vehicle ownership records. In cases where income does not justify asset acquisition, authorities will impose precautionary measures—including forced collection procedures and vehicle seizure.

The Tax Administration has also warned against attempts to transfer ownership of vehicles or other assets in order to avoid scrutiny. Any such transfers made in bad faith to dodge obligations will be deemed invalid and pursued through legal channels.

Tax authorities state that the measures aim at combating Albania’s informal economy and detect money laundering through conspicuous consumption.

/j.p/u.sh/