• srijeda, 16 jul 2025

NGOs want part of lottery tax for their funding

NGOs want part of lottery tax for their funding
Podgorica (MINA-BUSINESS) – Amendments to the law on lotteries, to be adopted in the third quarter of this year, will definitely specify if non-governmental organisations would be financed partially from a lottery tax, Deputy Finance Minister Koviljka Mihailovic said on Tuesday. NGOs in Montenegro said they would ask for a share from the tax receipts for their funding. The new lottery tax and a new value added tax (VAT) will reduce benefits currently enjoyed by the NGO sector, Rade Bojovic of CEDEM Centre for Democracy and Human Rights said. According to the law, an NGO is an organisation with a profit below 4,000 euros. Any profit beyond that limit would be subject to a 15 percent tax, Bojovic said. He also said that new progressive income tax rates, instead of existing 19 percent, would ease a tax burden on people working for NGOs.

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