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21.07.2010.

Report On corporate profit tax returns in 2009 and activities taken in Branch offices for provision of these returns until 30.06.2010

Corporate profit tax returns are submitted to competent Tax Administration Branch Offices, in line with Article 40 of the Law on corporate profit tax („Official Gazette of the Republic of Montenegro“ Nos. 65/01, 80/04 and „Official Gazette of Montenegro“ Nos. 40/08, 86/09), no later than 3 months after the expiry of the period for which tax is assessed. The tax period is a financial, i.e. calender year, except for cases of liqidation or business starting up during the year. After this deadline date Branch Offices are obliged to take measures for provision of delinquent tax returns.

19.07.2010.

The Number of Delinquent Returns in Constant Decrease

In line with the Agenda and precisely planned activities, the Tax Administration, apart from regular monthly collection tasks, carries out also the collection of tax arrears.

16.07.2010.

TAX ADMINISTRATION SIGNIFICANTLY REDUCED TAX ARREARS

In line with the Agenda for precisely planned activities, the Tax Administration, apart from regular monthly collection tasks, also carries out the collection of tax arrears. During JUNE 2010 the Tax Administration gained income in the amount of 8.274.158 € for the State Budget, collecting the "delinquency debt".

15.07.2010.

Report on XIV General Assembly of IOTA in Brussels, 8-9 July 2010

Report  on XIV General Assembly of IOTA in Brussels, 8-9 July 2010

The 14th General Assembly of the Intra-European Organisation of Tax Administrations (IOTA) was organised and hosted by the Federal Public Service Finance of the Kingdom of Belgium and held in Brussels on 8-9 July 2010. High representatives of member Tax Administrations met each other, celebrating the 13th anniversary of this international Organisation. One hundred and fifty eight delegates from forty five countries, local Secretariat and IOTA`s Secretariat, and twelve international organisations attended the Assembly.

12.07.2010.

Audit report- June 2010

The Tax Administration in its Work Plan for 2009 among other issues also designated directives for carrying out monthly audits. The main purpose of the adoption of the Annual Work Plan of audits is the rational and economical tax authority resources’ management, with the aim of achieving as good results as possible. During JUNE 2010 tax auditors were engaged in audits and collection of taxes and other public revenues, as well as in audits and collection of the tax overdue.

12.07.2010.

Semi-annual Work Report of the Tax Administration

The Tax Administration in its Work Plan for 2009 among other issues also designated directives for carrying out monthly audits. The main purpose of the adoption of the Annual Work Plan of audits is the rational and economical tax authority resources’ management, with the aim of achieving as good results as possible. In the period JANUARY-JUNE 2010 tax auditors were engaged in audits and collection of taxes and other public revenues, as well as in audits and collection of the tax overdue.

02.07.2010.

NEWS IN THE FIELD OF VAT&EXCISE EXEMPTION

The Tax Administration will apply the new Rulebook on the way of exercising right on VAT and excise exemption for diplomatic and consular missions and international organisations („Official gazette of Montenegro“, no.34/10), as the Rulebook from 2004, which ceased to be inforce on June 26th 2010.

30.06.2010.

E-COMMUNICATION BETWEEN TAX AND CUSTOMS ADMINISTRATIONS

With this aim, The Director of the Tax Administration and the Director of the Customs Administration signed the document that will strengthen administrative capacities of both authorities, by hastening data and information exchange for rounding their data bases. The main objective of this Agreement is to facilitate the work of TA, CA and taxpayers, what is expected to result in higher rate of budget revenue collection. Data on unpaid VAT and other liabilities upon import are important for the Tax Administration. VAT is all-phase tax, why the Tax Administration should ensure its total collection, eliminating requests for groundless refund of VAT credits. This Agreement will enable the Tax Administration to establish the data base on unpaid VAT upon import, as well as to monitor the procedure of turnover of goods in all following phases for preventing negative phenomena in tax assessment.

25.06.2010.

SUCCESSFUL COOPERATION OF THE TAX ADMINISTRATION AND THE DOING BUSINESS TEAM

SUCCESSFUL COOPERATION OF THE TAX ADMINISTRATION AND THE DOING BUSINESS TEAM

"The Tax Administration considers contributing to business facilitation, as a part of Doing Business Project, one of its main strategic objectives. In our previous report we presented significant changes in legal regulations, new projects at the Tax Administration and measures taken with the aim of providing conditions for taxpayers to clear their tax liabilitiesmore easier. Thus, main objectives of the Tax Administration are: to ensure that taxapyers completely comply with their legal obligations with as less material and human resources as possible, to enable easier communication with taxapyers at the tax administration itself, to reduce the number of administartive proceedings, as well as to enable performing tax audit in as short time as possible." Lidija Šećković, a senior adviser at the Collection Department pointed out.

25.06.2010.

REQUESTS FOR VAT REFUND OF OVER 9,3 MILLION € DURING MAY

During MAY 2010 94 requests for VAT refund and redirection of funds from tax credit for paying tax liabilities were submitted to the Tax Administration. The Tax Administration, with the aim of determining well foundedness of the requests for refund, accomplished necessary inspections and audits, followed by relevant resolutions.