The Tax Administration collected a total of 1.4 billion euros in gross revenue during the first ten months of this year, which is 17 million euros more than in the same period last year, the institution announced.
The collection plan for the period from January to the end of October was achieved at 99.6 percent, the statement said.
“The Tax Administration has actively implemented its planned activities related to the tourist season, inspection supervision, and revenue collection, while also strengthening proactive communication and a service-oriented approach toward taxpayers,” the statement added.
Revenue from value-added tax (VAT) amounted to 495 million euros, which is 92 million euros or 23 percent more than last year, and slightly above the planned level.
Corporate income tax collection reached 227 million euros, up 21 million euros or 10 percent year-on-year and exceeding the plan by 14.4 million euros.
However, social security contributions totaled 339 million euros, representing a 32 percent decrease compared to the same period in 2024. The decline is attributed to reduced pension contribution rates introduced on October 1, 2024, which lowered the employee rate from 15% to 10% and completely abolished the employer’s 5.5% contribution, bringing the total pension contribution rate to 10% for all categories.
“The results achieved from January 1 to October 31, 2025, confirm that the Tax Administration continues to meet the goals set in its strategic plan, focusing on combating the informal economy, improving tax discipline, and strengthening cooperation with taxpayers. In the coming period, efforts will continue toward modernizing business processes, increasing transparency, and ensuring further revenue growth to support the stability of Montenegro’s public finances,” the statement concluded.
