“We had a suggestion to increase the lower VAT rate from seven to ten percent. It was suggested we should also increase the excise tax on petroleum products, although we increased them in January.
There was a proposal to increase the personal income tax rate. In that package, there was a proposal to increase the corporate income tax rate, the contribution rate for pension insurance, to tax pensions, to froze pensions and public sector wages, and to reduce subsidies, ” Simovic explained.
Source: Radio Television Montenegro