A meeting was held at the Delegation of the European Union in Montenegro with Ambassador Popa and representatives of the diplomatic corps from EU member countries.
During the meeting, the President of MFIC, Tamas Kamarasi, presented a draft of the Solidarity Contribution Law, highlighting the negative consequences that its adoption would cause. He emphasized that high corporate taxes above the regional average negatively impact Montenegro’s competitiveness and that the introduction of such measures would have a detrimental effect on the business environment in the country. The law could also lead to a decline in foreign direct investment.
MFIC representatives also highlighted the persistent issue of the informal economy, where, according to some studies, as much as 40% of the GDP is associated with activities in the grey zone. They further pointed out that the proposal of the new legislation was not preceded by a detailed analysis of its effects on the Montenegrin economy. At the end of the meeting, all participants agreed that the adoption of the law could have broader negative consequences on the economy and its investment reputation.
