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Montenegro

TAX AND CUSTOMS ADMINISTRATION 05. 09. 2019.   >>  18:30 0

TAX AND CUSTOMS ADMINISTRATION

Revenue collection exceeded plans

The Tax Administration (PU) has collected a gross amount of EUR 746.1 million since the beginning of the year, which is nine percent more than in the same period last year.

The Customs Administration collected almost EUR 537 million from January to August, which represents a growth of EUR 31.8 million, or 6.3 percent more than in the same period last year.

The PU said that since the beginning of the year the collection was seven percent higher than planned.

In August, the PU recorded a record gross collection of EUR 106.78 million, exceeding the same month last year by EUR 5.1 million.

Gross collection of value added tax (VAT) in the first eight months of this year amounted to EUR 180.33 million, which is 15 percent more than last year, and 13 percent above the plan.

"An amount of EUR 336.65 million was collected on the basis of compulsory insurance contribution, which is 6.5 percent more than in the comparable period last year, and six percent above the plan. Collection of personal income tax amounted to EUR 110.4 million and it was ten percent higher than last year, and 16 percent above plan,"the statement said.

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