Albania's Finance Minister Ridvan Bode pledged Saturday that the ruling Democratic Party (DP) will not increase taxes, [Hong Kong Company Formation, Incorporation, Business Registration]but will continue to reduce tax burden on business and individuals.

In a comment on his Facebook public page, Finance Minister said that the recent proposed changes to the Law on National Taxes will halve the annual tax on used vehicles.[Hong Kong Company Formation|Hong Kong Company Registration]

The effect of the changes to the law is estimated around 2.5 billion lek, according to Bode.