Fight Against Gray Economy Continues: Economic and Financial Policies Implementation

By , 06 Mar 2019, 18:13 PM Business
Fight Against Gray Economy Continues: Economic and Financial Policies Implementation Copyrights: Government of Montenegro

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05 March - The Prime Minister recently hosted a meeting of business people sponsored by the American Chamber of Commerce in Montenegro. Speaking about the fight against the gray economy, the Prime Minister said that a thriving economic and financial policy came as a result of increased work of inspection services despite the lack of capacity.

"For that reason, I personally undertook coordination with the inspection services in combating the gray economy and the informal market. This gives results not only in numbers and indicators, but also in the creation of a new, motivational environment, where professionalism comes to the fore and where people understand how important it is for the future of Montenegro and its citizens," the Prime Minister underscored.

He also said that inspectors prefer to control companies that are doing business properly, saying that the focus must be placed on those who are doing business illegally.

"It is a process. I think we have made a decisive step forward, we can no longer go back, we can only move forward," the Prime Minister stated.

As to the tax policy and labour policy plans, the Government is reviewing complaints made by social partners with extreme sensitivity, PM Marković noted.

He also said that the Government is considering reducing or even abolishing the profit tax rate for those companies that reinvest their profits.

"We are considering reducing the tax burden on labour. I think that we will come out very quickly with a concrete proposal. We are discussing it with our social partners. ... I believe that there will be an increase in the minimum wage, but also a reduction in the tax burden on labour that will relax employers, and increase the standard and salaries of employees," concluded Prime Minister Duško Marković.

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