Municipality of Budva Received EUR 3 Million from Residence Tax

By , 20 Sep 2019, 14:07 PM Business
Petar Odzic Petar Odzic Vijesti archive

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The Local Public Revenue Authority of the Municipality of Budva, until September 8th, collected just over three million euros for the residence tax, which is 250 thousand euros more than in the same period last year.

In spite of one of the most problematic seasons, the management achieved to realize the plan and exceed the collection of taxes, despite the poor capacity utilization during the pre-season and the peak, which lasted only twenty days.

Secretary of Finance and Acting Director of the Public Revenue Collection Authority, Petar Odzic (SDP), said last year's record results were exceeded.

“Out of the total amount of EUR 3,000,116 collected, EUR 1,494,783.50 relates to the payment of the residence tax for private accommodation. Last year, EUR 2,764,353 was collected in the same period, of which EUR 1,391,360 refers to individuals, ”said Odzic.

He recalled that since the beginning of June, teams of tourist inspectors, authorized to control private accommodation and collect the residence tax, have been on the field.

"We plan to have the controls in private accommodation by the end of September, while the hotels will be controlled throughout the whole year," Odzic said.

He recalled that the price of the residence tax remained unchanged and amounted to one euro, and revenue from it in the diameter of 80 percent to 20 percent is shared by the Tourist Organization Budva and the National Tourist Organization.

Text by Vuk Lajovic, on September 18th, 2019, read more at Vijesti

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