18.4 C
Herceg Novi
Thursday, April 3, 2025
spot_img
Supported byClarion Owner's Engineer Montenegro
spot_img
NewsMontenegro customs achieves 9.5% revenue growth in Q1

Montenegro customs achieves 9.5% revenue growth in Q1

In the first quarter, Montenegro’s customs revenue totaled €281.64 million, an increase of €24.6 million or 9.5% compared to the same period last year. The revenue collection exceeded the target by €13.45 million or 5%.

VAT on imports amounted to €191.17 million, an increase of 11% or €18.88 million compared to last year. Excise taxes generated €75.3 million, up by 4% or €2.97 million. Customs duties amounted to €14.47 million, a rise of 22.5% or €2.67 million. Other revenues, including coffee tax, amounted to €616.9 thousand and €85.92 thousand, respectively.

In March, customs revenue reached €104.2 million, a 7.2% increase or €7.04 million compared to the previous year.

Supported byElevatePR Montenegro

The Customs Administration carried out 24,300 detailed inspections of vehicles and goods, identifying 109 irregularities, issuing 107 violation notices, and imposing fines totaling €76.8 thousand. Smuggled goods valued at €264.43 thousand were seized, along with €180.09 thousand and $60.81 thousand in cash. Additionally, 10 criminal charges were filed, and items including tobacco products, alcohol, and firearms were seized.

Supported byMercosur Montenegro

RELATED ARTICLES

Supported byElevatePR DIgital
Supported by
Supported by
Supported by
error: Content is protected !!