director - Ministarstvo finansija

More documents

Recommendations

Info

Budget suficit BULLETIN OF THE MINISTRY OF FINANCE/JANUARY-MARCH 2006 Budget suficit The entire work of the Tax Administration and all of its segments, i.e. Sectors and Territorial Units is reflected in the final collection of taxes, contributions and other public revenues. We, in the Tax Administration, recognize cooperation with the taxpayers and voluntary compliance with the tax regulations, what is realized through the self-taxation principle. The self-taxation principle is accepted also in our tax legislation and represents a reflection of modern world trends in fiscal systems. It enables the taxpayer to file a tax return and calculate by itself the tax obligations for payments to be effected in compliance with the terms regulated by law. Pursuant to this pursuit, gross collection of taxes, contributions and other budgetary revenues was realized in 2005 to the amount of 521.730.273eur. Taking into account that return of tax credits, several contributions paid, mistaken payments etc. are effected from the total realized collection, the net collection, following the determined returns reduction for 2005, amounts to 485.915.232eur. Therefore, aggregate gross collection was reduced by the amounts of VAT returns, i.e. by the amount of 35.815.041eur ( VAT 33.880.138 eur). In order to review the collection trend in the reporting period we did comparative analysis in relation to the collection realized in 2004 Index of total collection growth in relation to the comparative period of the last year amounted to 116, what accounts for the increase in collection by 16% (tax collection was higher by 15% and contributions collection by 18%). Nominal values and tax and contributions growth show that: • Collection of taxes in the period January - December, 2005 amounted to 308.907.000eur, and for the same period in 2004 it amounted to 268.436.000eur, what is by 15% higher, • Collection of contributions in the period January - December 2005 amounted to 212.823.000eur, and for the same period of the last year it amounted to 179.939.000eur, what is by 18% higher. Income Tax collection was realized to the amount of 90.075.000eur . In relation to the comparative period in 2004, collection of these revenues was higher by 3%. (In 2004, these revenues were collected to the amount of 87.042.000eur). Mirjana Pešalj In the structure of Income Tax collection, which was realized in the period from January to December, 2005, the Personal Income Tax collection makes 97% and amounts to 87.018.000eur. In relation to the comparative period, collection of this tax was higher by 7%. Such growth is conditioned by enhanced measures of collection, in the course of the whole year. The amount of 15.613.000eur was collected by the application of these measures. Growth of the Personal Income Tax collection was realized apart from the fact that physical persons tax rate was reduced by 10%. Collection of the Independent Activity Income Tax, in the structure of Income Tax collection, makes 2% and amounts to 1.892.000 eur. Independent Activity Income taxpayers are in most cases "small taxpayers;, who are provided with a special treatment in the course of arrears payment, by the Decree on collection of due and unpaid taxes and contributions and other public revenues.Tax arrears of taxi drivers, autotransporters and market-place sellers was"frozen,,.Therefore, only very small amounts of debt remained to be collected, collection of which could not contribute to the higher amount of collected income tax. Profit tax was collected to the amount of 23.485.000 eur, what was by 24% higher in relation to the comparative period in 2004 ( index 124 ).This was the result of Profit Tax collection in accordance with tax returns (64%) and measures taken for the purpose of collection (36%). The collected amount of VAT (domestic market) in the period January - December 2005 was 94.729.000 eur, what is by 37% higher in relation to the comparative period (index 137). These revenues were generated to the amount of 31.626.000eur by measures taken for the purpose of collection ( 33% out of the total amount of collected VAT). Revenues from excises, in relation to the comparative period were higher by 2%. Revenues on the basis of excises on mineral oils, mineral oil products and substitutes, in the reporting period, were generated to the amount of 59.769.000eur, what makes 83,2 % revenues collected on excise taxes. In relation to the comparative period in 2004, these revenues were higher by 1,7 % .Revenues on the basis of excise on alcohol and alcoholic beverage in production were generated to the amount of 6.079.000eur, what was 8,5% out of the total collected revenues from excise tax. In relation to the comparative period in 18
Budget suficit BULLETIN OF THE MINISTRY OF FINANCE/JANUARY-MARCH 2006 2004, these revenues are higher by 40,6%. Revenues on the basis of excise on tobacco products in production were generated to the amount of 5.966.00eur, what was 8,3% out of the total revenues collected from excise tax. In relation to the same period in 2004, these revenues were lower by 21,7%. Excise on goods imported is the category, which is not under the competence of the Tax Administration. Fees for usage of natural resources of general interest were collected to the amount of 14.857.000 eur, what was by 123% higher in relation to the comparative period (index 223). These revenues were collected to the amount of 3.513.000 eur. by the measures taken for the purpose of collection. Category of the tax on goods and services turnover was cancelled by the application of the Value Added Tax. Collection realized in relation to the tax on turnover of used motor vehicles, vessels, airplanes and aircrafts was to the amount of 3.055.000 eur, collection of tax on insurance premiums was to the amount of 1.051.000 eur and it could not be compared to this type of collection in the previous year because on May 6, 2004 started application of the Law on Premium Insurance Tax, which stipulated the obligation to calculate and pay for this tax. Collected amount of the Real EstateTax was 5.148.000 eur. Tax on Real Estate Transfer is such type of tax which can not be influenced by the collection measures, apart from delinquent debt, because the taxpayer itself decides upon its property and its transfer. Therefore, comparison of collection of this tax in the reporting period to collection from the comparative period is not real. In relation to the comparative period, collection of pension and invalidity insurance was higher by 20 %, contributions for healthcare insurance by 15 % and contributions for unemployment insurance by 27 %. Collection of taxes on the level of Tax Administration and territorial units, in relation to the comparative period are presented in tables and graphics. in 000 eur TAXES PU PG NK BR Realized 2004. 268.436 138.669 30.546 8.881 Realized 2005. 308.907 140.316 43.387 10.863 Index 115 101 142 122 TAXES BD HN BP BA PV Realized 2004. 11.396 70.051 2.768 2.748 3.377 Realized 2005. 18.898 76.919 4.482 4.348 8.168 Index 166 110 162 158 242 Collection of contributions on the level of the Tax Administration and in the territorial units, in comparison to 2004, presented in tables and graphics. in 000 eur CONTRIBUTIONS PU PG NK BR Realized 2004. 268.436 138.669 30.546 8.881 Realized 2005. 308.907 140.316 43.387 10.863 Index 115 101 142 122 CONTRIBUTIONS BD HN BP BA PV Realized 2004. 11.396 70.051 2.768 2.748 3.377 Realized 2005. 18.898 76.919 4.482 4.348 8.168 Index 166 110 162 158 242 CONTRIBUTIONS COLLECTED IN THE TERRITORIAL UNITS IN 2005 in 000eur TAXES COLLECTED IN THE TERRITORIAL UNITS IN 2005 in 000eur Explanation: ( TA - Tax Administration, PG - Podgorica, NK - Nikšić, BR - Bar, BD - Budva, HN - Herceg Novi, BP - Bijelo Polje, BA - Berane, PV - Pljevlja ). Explanation: ( TA - Tax Administration, PG - Podgorica, NK - Nikšić, BR - Bar, BD - Budva, HN - Herceg Novi, BP - Bijelo Polje, BA - Berane, PV - Pljevlja ) Tax Administration undertook activities to collect the tax arrears during 2005. The tax arrears were collected to the amount of 107.032.000eur, i.e. taxes to the amount of 66.630.000eur, and 19
Page 3 and 4: REPUBLIC OF MONTENEGRO MINISTRY OF
Page 5 and 6: TABLE OF CONTENTS BULLETIN OF THE M
Page 7 and 8: Introduction BULLETIN OF THE MINIST
Page 9 and 10: PROJECT "1000 HOUSING CREDITS” BU
Page 11 and 12: PROJECT "1000 HOUSING CREDITS” BU
Page 13 and 14: Guidebook to the tax system BULLETI
Page 19: Guidebook to the tax system BULLETI
Page 23 and 24: Budget suficit BULLETIN OF THE MINI
Page 25 and 26: Tax administration BULLETIN OF THE
Page 27 and 28: Public debt BULLETIN OF THE MINISTR
Page 29 and 30: World Bank and Relations with the W
Page 31 and 32: State aid BULLETIN OF THE MINISTRY
Page 33 and 34: Enforcement of claims BULLETIN OF T
Page 35 and 36: Enforcement of claims BULLETIN OF T
Page 37 and 38: Functioning of the games of chance
Page 39 and 40: Agenda of the Ministry of Finance B
Page 41 and 42: Agenda of the Ministry of Finance B
Page 43 and 44: Activities of the minister BULLETIN
Page 45 and 46: Macrofiscal report BULLETIN OF THE

director - Ministarstvo finansija

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?