Bulletin - Vlada Crne Gore

Contents of draft law on tax advisors
BULLETIN OF THE MINISTRY OF FINANCE/APRIL - JUNE 2006
Assistant Minister
Koviljka Mihailović
Senior Advisor
Antoaneta Krivokapić
operational.
The Chamber shall issue a license for work to a tax advisor,
which shall be subject to renewal every five years. A tax
advisor who has been engaged in tax or customs business
over the last three years may not be awarded a contract on
tax advisory services within a year from a date of obtaining
the license.
RIGHTS AND OBLIGATIONS
OF TAX ADVISORS
services.
The Draft Law provides for liability insurance in case of
possible damage caused to a client by a tax advisor or specialized
partnership while discharging their duties. The lowest
insurance rate per a tax advisor amounts 10.000,00 eur.
State authorities and legal persons having public authority
shall be obliged to provide a tax advisor with all information
that he/she may require.
JOINING THE CHAMBER
According to the Draft Law, a tax advisor shall be authorized
and obliged to represent taxpayers in line with the tax
regulations and his/her personal principle. A tax advisor
shall be obliged to abide by the principles of legality, scrupulousness,
competence and professional code to be enacted
by a competent Chamber. A written contract on tax advisor's
services shall be concluded, while the provision of services
shall be charged at a rate to be determined by the
Chamber with prior approval from the Ministry of Finance.
A tax advisor shall discharge his/her duties based on data
and documents provided by a client with whom a contract
is concluded. The tax advisor shall keep such data confidential.
One or more tax advisors may establish a specialized association
for tax advisory services (partnership). The Chamber
shall give an approval for registration of such partnership
into the relevant register of companies. All rights and
obligations related to the tax advisors shall also apply to the
partnerships for tax advisory services. Competent Chamber
shall supervise the work of the partnership for tax advisory
According to the Draft Law, tax advisors shall be obliged
to join the professional Chamber (Chamber of Tax Advisors),
being an independent and self-governing organization
having a legal person capacity. The Chamber shall introduce
tax advisors, promote their work and represent their
common interests. The Chamber shall also be obliged to keep
relevant registers (on passed exams, issued licenses
etc).The Chamber shall, under its Statute, more precisely define
issues related to its organization, membership fee and
other issues relevant for its work.
KOVILJKA MIHAILOVIĆ,
Assistant Minister
ANTOANETA KRIVOKAPIĆ,
Senior Advisor
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