Montenegro Parliament Considers Bill to Amend Law on Contributions for Mandatory Social Insurance

The Montenegrin Parliament (Skupstina) Feb. 16 accepted for consideration Bill No. 19-6/26-2, amend the Law on Contributions for Mandatory Social Insurance. The bill includes measures to: 1) introduce a mandatory social insurance contribution exemption for employers hiring individuals registered with the Employment Service for more than eight years; 2) limit the exemption to the minimum wage rate base; 3) provide the exemption for eight years from the date of employment of the unemployed individual; 4) specify that the decision the employer’s exemption be issued by the regional body of the Tax Administration based on the Employment Service’s certification of the ...