Montenegro: World Bank Approved €14 Million for a Revenue Administration Reform Project

WASHINGTON, July 31, 2017- The World Bank’s Board of Executive Directors approved on July 31st, 2017, €14 million loan to Montenegro for a Revenue Administration Reform Project. The development objective of the project is to improve the effectiveness of operational functions of Montenegro’s Tax Administration and to reduce the compliance costs for corporate taxpayers. Montenegro’s long-term vision is of a revenue administration that operates with streamlined risk-based business processes that contribute to the efficient collection of taxes and social contributions from all sources of economic activity.  Increased compliance will generate a more robust revenue stream to provide essential services to  citizens.  Improvements in revenue administration capacity will also support the country’s goal for EU accession and economic integration with EU member states.

from World Bank Search – NEWS


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s