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Property valuation act soon in force

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The methodology on estimating the value of property is soon to be published in the Official Gazette of Montenegro, as the Ministry of Finance has already prepared it, writes Pobjeda daily.

The document has been submitted to the Secretariat for Legislation and it is expected to be published in the Official Gazette by the end of September, reported the Ministry of Finance. The methodology itself was discussed at the session of the Parliamentary Committee on Economy, which approved proposed amendments to the Law on Accounting.

Boris Mugoša, the Social Democrats’ (SD) MP, told it was very important to define a methodology for property valuation. He said: “We will finally have a defined methodology, determined procedures and a standard, which means we won’t have either different interpretations or dilemmas in this regard.”

 

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