• petak, 25 jul 2025

Doubts widespread that tax on extra-profit would be collected efficiently

Doubts widespread that tax on extra-profit would be collected efficiently
Podgorica (MINA-BUSINESS) - Montenegro, with its tax tradition and experience, cannot expect too great a benefit from the collection of a tax on extra-profit. The government adopted a draft law on extra-profit in January and the draft will be discussed in parliament on Tuesday. The tax would be applied to property acquired between May 30, 1992 and November 1, 2000, a period of international sanctions. The one-off tax would be paid on property worth more than 50,000 euros if it had not been obtained through legal income, inheritance or as a gift. Director of the Centre for Transition Nebojsa Medojevic said that Serbia collected only 102 million German marks worth of taxes on extra-profit compared to an estimated five-six billion German marks. Medojevic said that tax collection needed to be supervised by a special parliamentary body and the receipts could be used to compensate those who lose their jobs because of privatisations.