GI 21 May: Montenegrin economy threatened by blockade, deadline for harmonization with the Law on Business Companies unrealistic

They remind that due to, as they said, the incompetent digitalization of the Tax Administration, the deadline has already been extended once by three months, but they assess that even that extension is not sufficient, because, as they state, the Tax Administration system in the part relating to the Central Register of Business Entities is still dysfunctional, unstable and unreliable.

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Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The Civic Initiative 21 May warned that the Montenegrin economy is facing a severe blow due to, as they state, the unrealistic deadline for business entities to comply with the new Law on Business Companies, which expires on June 15th.

This initiative states that all companies and entrepreneurs who fail to complete the harmonization will be effectively blocked and transferred to the status of inactive business entities, which, they claim, could endanger thousands of companies and entrepreneurs in Montenegro.

"This insane legal solution will lead to thousands of companies and entrepreneurs being put at risk," GI 21. maj announced.

They remind that due to, as they said, the incompetent digitalization of the Tax Administration, the deadline has already been extended once by three months, but they assess that even that extension is not sufficient, because, as they state, the Tax Administration system in the part related to the Central Register of Business Entities is still dysfunctional, unstable and unreliable.

"If the Parliament does not urgently extend the deadline for harmonisation, the domestic economy will be in serious trouble. If someone had organised the subversion of the Montenegrin economy, they would not have been more successful than this 'pro-European and meritocratic' government," the statement concluded.

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