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Montenegro

THIS YEAR 12. 06. 2019.   >>  18:13 0

THIS YEAR

€444 million of taxes collected

The Tax Administration realized a gross revenue collection amounting to €87 million, thus exceeding the €5 million plan.Since the beginning of the year, almost €444 million have been collected, 43 million more than in the same period of 2018 and €30 million more than planed.

"Gross collection of value added tax during the five-month period amounted to €98,276,000 , €10 million (11.5%) more than last year, and €7 million (7.5%) above the plan," the Tax Administration reported.

Tax on corporate profit amounts to €52,189,458 euros, that is 12 percent more than last year, which is an indicator of the spread of the corporate tax base, but also of a higher level of tax compliance by companies operating in Montenegro.

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