From June to August, the Tax Administration (TA) achieved total revenue collection in the amount of 276,56 million euros, which, despite the bad tourist season, managed to exceed the budget rebalancing plan for that period by 23 million euros.
The PU said that the revenue collection plan according to the budget rebalancing amounted to 253 million euros.
"Since the beginning of the year, PU has achieved a total gross collection in the amount of 706,2 million euros, which is 24 million euros more than the eight-month plan according to the budget rebalancing", according to the announcement of PU.
As they announced, the achieved result is about 40 million euros, i.e. five percent, below the achievement from the same period last year, i.e. 25 million above the achievement from the same period in 2018.
The PU stated that a ten million euro debt was collected from the national air carrier Montenegro Airlines (MA) based on taxes and salary contributions.
From PU, in the structure of collection realized during eight months of this year, they particularly emphasized the collection of corporate profit tax, in the amount of 71,47 million euros, which is seven million more than planned, and eight million more than last year.
"This data is an indicator of the high degree of corporate culture that exists in the Montenegrin economy despite the challenges imposed by the pandemic of the infectious disease Covid-19", according to the PU.
The PU announced that no significant drop was recorded in the collection of income based on the wages of employees in Montenegro.
"Thus, based on personal income tax, an amount of 107,3 million euros was collected, which is seven million more than the collection plan, and three million less than last year. The collection of social security contributions amounted to 324,2 million euros, which is 13 million more than the plan, and 12,5 million less than last year", specified the PU.
On the basis of concession fees, the amount of 18,94 million euros was collected, that is, three million euros above the plan, and 8,3 million euros less than last year.
9,69 million euros were collected based on real estate sales tax, i.e. 1,5 million below the plan and three million less than last year.
The PU stated that the most significant reduction in collection was recorded in value added tax (VAT), on the basis of which an amount of 163,7 million euros was collected, ie nine million below the collection plan and 16,6 million less than last year.
"The result of the VAT collection is a consequence of the drastic slowdown of the economy due to the economic crisis that arose from the beginning of the pandemic of the infectious disease Covid-19, which was especially visible in the coastal region during the summer months, where a drop in traffic of as much as 70 percent was recorded," they said from PU.
The PU announced that, bearing in mind the circumstances that affect the economy, which are directly reflected in the fiscal capacity of businessmen, and therefore the collection of public revenues, the realized collection indicates that the PU managed to use the largest part of the fiscal potential of taxpayers and that maintain the level of tax discipline and voluntary compliance with tax regulations at a high level.
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