The Administration of Revenue and Customs (UPC) in Montenegro achieved an eight-month gross revenue collection of 1.69 billion euros, which is 330 million euros or 24 percent more than in the same period last year.
The UPC said that the collection from January to the end of August this year exceeded the planned revenues by 260 million euros or 18 percent.
“The most significant revenue growth was recorded in value added tax (VAT), corporate income tax, contributions and excise taxes,” said the UPC.
VAT collection amounted to 774.6 million euros, which is 125 million euros or 19 percent more than in the same period last year, while it is 82 million euros or 12 percent above the revenue plan.
“On the basis of corporate income tax, 140 million euros were collected, that is, 60 million euros or 75 percent more than in eight months of last year and 31 million euros or 29 percent more than planned,” specified the UPC.
The collection of contributions for eight months of this year amounted to 350 million euros, which is 73 million euros or 26 percent more than the collection in the same period last year, as well as in relation to the planned revenues.
“Accomplished excise tax collection was 212 million euros and is 42 million euros or 25 percent higher than in the eight months of last year, while 33 million euros or 18 percent is higher than planned,” UPC said.
