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First Session of the Advisory Board for Large Taxpayers Held at Finance Plus

On 1 June 2018, the first session of the Advisory Board for Large Taxpayers was held at Finance Plus. Participants: the Tax Administration, AMM, UPCG, PwC, KPMG, Ernst & Young, Telekom and others.

FP Finance Plus 2 June 2018

On 1 June 2018, the first session of the Advisory Body for Large Taxpayers was held at the premises of Finance Plus.

The attendees were welcomed by the Chair of the Board — Slađana Raičković, who extended a welcome to the new members — representatives of the 7 largest taxpayers.

Session participants

Institutional representatives

  • Tax Administration
  • Association of Managers (AMM)
  • Montenegrin Employers Federation (UPCG)
  • Chamber of Commerce of Montenegro
  • American Chamber of Commerce
  • Institute of Accountants and Auditors of Montenegro
  • Institute of Certified Accountants
  • Banking Association

Audit firms

  • Ernst & Young (representative: Ivana Miličković — in place of the announced Danijela Dimovska)
  • PwC
  • KPMG

Absent: representatives of Deloitte and BDO (with justification).

Large taxpayers

  • Crnogorski Telekom
  • Hotels Group Montenegro Stars
  • Mesopromet
  • Jugopetrol

Absent with justification: Voli and Bemax.

Objective of the Board — resolving business barriers

The Chair of the Board, Slađana Raičković, emphasized that the Board was established in order to resolve matters currently arising in practice that:

  • Are not sufficiently covered and provided for by law
  • Constitute a business barrier

These matters would be binding for the partners. The Board was assessed as the right place for resolving them — because it brings together:

  • Experts from the Tax Administration
  • Taxpayer representatives

Authority and easier work

It was concluded that the composition of the Board has sufficient authority which will be respected:

  • By the attending representatives
  • By tax inspectors

In that sense, this will make work easier not only for taxpayers, but also for tax inspectors going forward — on which all members of the Board agreed and welcomed the founding of the new body.

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