Customs administration: In four months gross revenue collection in the amount of 378 million euros

The revenue plan for the period from January to the end of April was exceeded by 29,8 million euros

3195 views 2 comment(s)
Illustration, Photo: Shutterstock
Illustration, Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

In the first four months of this year, the Customs Administration achieved gross revenue collection in the amount of 378 million euros, which is 32,3 million or nine percent more compared to the same period last year.

The revenue plan for the period from January to the end of April was exceeded by 29,8 million euros, or 8,6 percent.

"The Customs Administration continuously implements activities to improve and implement measures related to the correct application of customs and tax regulations, the correct classification of goods according to the customs tariff, the determination of the preferential origin of goods and the customs value, with the aim of achieving the efficient collection of budget revenues", the announcement states. .

The Administration said that there was an increase in revenue collection for all types of duties.

VAT on imports was collected in the amount of 256,5 million euros, which is 12,8 million or 5,3 percent more than in the first four months of last year. "The most significant increase in income was achieved on the basis of excise duty, with a gross collection of 103,1 million euros, which is 17,5 million or 20,5 percent more. The realized collection of customs duty amounted to 17,5 million euros and is higher by two million euros or 12,7 percent", specified the Administration.

Collection of tax on coffee amounted to 804,8 thousand euros, while other revenues were collected in the amount of 43 thousand euros.

"Taking into account the implementation of the decision on the redirection of taxpayers' VAT credits in March of last year, in the amount of 19 million euros in favor of the Customs Administration's record account, we are very satisfied with the achieved growth in revenue collection in the first four months of this year compared to last year," they said. are from the Administration.

As they explained, if there was no such diversion, the collection of VAT on imports in March of this year would have been 21,52 thousand euros higher compared to the same month last year, and the total gross collection of customs revenues for this year's March would have been 424,12 more. thousands of euros.

"Additionally, we note that in that case, the total gross collection in March of this year, compared to the same period last year, would be 0,44 percent higher, and the VAT collection for imports would be 0,32 percent," the statement added.

The officers of the Customs Administration continuously carry out control activities on the entire territory of Montenegro.

In the first four months, 170 customs violations were detected, the value of seized goods was 267,6 thousand euros, while the amount of imposed fines was 114 thousand euros.

In addition, authorized customs officials filed four criminal reports.

According to its representatives, the Customs Administration is focused on trade facilitation and the application of simplified procedures, the implementation of which continued according to the EU customs agenda.

In accordance with the highest EU standards in the field of cooperation and partnership between the Customs Administration and the business community, three statuses of authorized economic entity (AEO) were granted in the specified period.

"By obtaining AEO status, companies, as reliable partners of the customs service, gain the right to use a greater number of benefits in the customs procedure, thereby contributing to the creation of a more stable business environment," the announcement concludes.

Bonus video: