15 June 2019 - The Summit of finance ministers, governors and directors of the tax administration of the region, organized by the Belgrade’s weekly news magazine NIN, was held recently in Bečići and it included a panel of directors of tax administration devoted to the reform of tax administration and fight against the grey economy.
Director of Montenegro’s Tax Administration, Mr Miomir M. Mugoša, in his introductory speech, emphasized that the Government of Montenegro invested significant funds in the project ‘Reform of tax administration’ having in mind the importance of this institution in the system of public finances. On this occasion, he also noted that he expects that this project will contribute to the reduction of administrative burden and somewhat greater compliance with tax regulations, that is, reduction in the overall tax gap.
“Mugoša presented the activities implemented so far, within the overall reform of taxes in Montenegro, including modernization of business processes, investment in information technologies, greater autonomy and reorganization, all with the aim of establishing a modern tax administration capable of responding to market’s requirements and ensuring high levels of public revenue collection,“ it was said in a statement of the Montenegrin Tax Administration.
At the end of this summit, the panel members concluded that there was a need for even closer regional cooperation and not just in terms of sharing experience and knowledge but for the region to be able to establish a single approach in dealing with common challenges, such as the fight against the grey economy and tax evasion.
Source: Cafe del Montenegro