World Bank has published 14th Doing Business report for 2015-2016 period. According to the report, Montenegro was ranked 51th out of 190 economies covered. That is three places lower than previous year, if the same methodology was applied to the DB 2016 report.
As part of a three-year update in methodology, Doing Business 2017 expands further by adding post filing processes to the paying taxes indicator, including a gender component in three of the indicators and developing a new pilot indicator on selling to the government. Also, for the first time this year Doing Business collects data on Somalia, bringing the total number of economies covered to 190. The paying taxes indicator is expanded this year to include post filing processes – those processes that occur after a firm complies with its regular tax obligations. These include tax refunds, tax audits and tax appeals. In particular, Doing Business measures the time it takes to get a value added tax (VAT) refund, deal with a simple mistake on a corporate tax return that can potentially trigger an audit and good practices with administrative appeals process. Doing Business 2017 report presents a gender dimension in four of the indicator sets: starting a business, registering property, enforcing contracts and labor market regulation.
|Topics||DB 2017 Rank||DB 2016 Rank||Change in Rank|
|Starting a Business||58||53||5▼|
|Dealing with Construction Permits||93||99||6▲|
|Protecting Minority Investors||42||40||2▼|
|Paying Taxes ✔||57||72||15▲|
|Trading across Borders||43||43||▶|
✔= Doing Business reform making it easier to do business
In the DB 2016 report, two main Montenegrin reforms were especially highlighted:
✔ Dealing with construction permits
✔ Paying taxes
Comparing Montenegro with other South-Eastern Europe economies, FYR Macedonia (10), Bulgaria (39), Hungary (41), Croatia (43) and Serbia (47) had higher rank. Bosnia-Herzegovina (81) had a lower ranking than Montenegro as well as the average of Europe and Central Asia region.
Source: World Bank