00:00We think the people that tie their destiny to Montenegro,
00:04be it investors, employees, workers, managers,
00:10whoever is kind of invested into Montenegro's success,
00:16we give them tax benefits.
00:18And obviously we live from tourism as well,
00:20and the people have to, you know, when they visit our country,
00:24they pay VAT and excise tax, et cetera,
00:26and this is where we earn our fair share of the revenues for the country.
00:30But the people who really invest themselves into Montenegro
00:35are the people who will lower the tax rates for them.
00:39So CIT, you mentioned corporate income tax,
00:41is among the lowest in Europe, and soon it will be the lowest.
00:45PIT, various kinds of contributions that form a labor tax wedge,
00:51and we have by far the lowest labor tax wedge in Europe.
00:54And the reason is, again, because the people who come to Montenegro
00:58to tie their destiny to Montenegro,
01:00we want them to be benefiting from this.
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