Montenegro’s Minister of Finance, Novica Vuković, reaffirmed the country’s commitment to enhancing tax transparency and international cooperation during the 18th plenary session of the Global Forum on Transparency and Exchange of Information for Tax Purposes in New Delhi, the Ministry of Finance announced.
Speaking at this key global platform dedicated to combating tax evasion and improving fiscal systems, Minister Vuković emphasized Montenegro’s readiness to actively contribute to the development of modern international tax standards.
During his visit to India, Minister Vuković held a bilateral meeting with India’s Finance Minister Nirmala Sitharaman, discussing ways to intensify cooperation and enhance the exchange of expertise in fiscal policy and digitalization of tax systems.
The discussions focused on improving exchange of information on request (EOIR), automatic data exchange under the Common Reporting Standard (CRS), and the regulation of crypto-assets through the Crypto-Asset Reporting Framework (CARF).
Through participation in expert discussions and consultations with OECD member countries, Minister Vuković further reinforced Montenegro’s position as a reliable and responsible state in terms of tax compliance.
Also attending the meetings was Sava Laketić, Acting Director of the Tax Administration, who highlighted Montenegro’s progress in modernizing tax administration and preparing for further digitalization of processes. He stressed that professionalization and technical enhancement of the Tax Administration are key for the effective implementation of international standards.
Minister Vuković focused on strengthening institutional capacities and leveraging technical support programs from the Global Forum, aimed at building trust among citizens and international partners in Montenegro’s fiscal institutions.
Through his engagement in New Delhi, Minister Vuković confirmed Montenegro’s strategic orientation toward a modern, transparent, and internationally aligned tax system, further enhancing the country’s global fiscal reputation.
