Parliament adopts amendments to the Personal Income Tax Law

On November 3, the state issued domestic bonds worth 50 million euros for Montenegrin citizens for two years, with an annual yield of 3,75 percent.

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Detail from the Parliament, Photo: Screenshot/YouTube/Parliament of Montenegro
Detail from the Parliament, Photo: Screenshot/YouTube/Parliament of Montenegro
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The Parliament adopted amendments to the Personal Income Tax Law, which stipulate that citizens who invest money in bonds issued by the state, the Central Bank or local governments will be exempt from interest tax on that basis.

51 MPs voted in favor of the proposed changes.

Europe Now Movement MP Tonći Janović explained on behalf of the proponents that the proposed legal solution stipulates that interest income generated from investments in debt securities, i.e. bonds issued by the state, the Central Bank of Montenegro or local governments, is not considered capital income. This type of interest has previously been subject to a 15 percent tax.

On November 3, the state issued domestic bonds worth 50 million euros for Montenegrin citizens for two years, with an annual yield of 3,75 percent.

The Parliament adopted the Decision on the Appointment of Milan Popović as a Member of the Senate of the State Audit Institution (SRI). 43 MPs voted in favor of the decision.

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