The fiscalization system in Montenegro recognizes and supports several types of receipts. One of them is a corrective receipt. A corrective receipt is used to perform subsequent corrections to the already fiscalized receipts and send these corrections to the tax authorities. According to the functional specification of the fiscal service, corrections to the fiscalized receipts can be made for whatever reason.
What is the corrective receipt for fiscalization in Montenegro?
Public
Montenegro
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
712
Content accuracy validation date:
29.12.2023
Content accuracy validation time:
08:35h
One of these reasons could be to perform a refund in case the buyer is returning an item to the seller. Another reason could be to correct an advance payment receipt or, in other words, to close an advance payment with a final corrective receipt. Corrective receipts are also used to void the already fiscalized receipts that have resulted in error status during the subsequent checks performed by the Tax Authority.
Also, there are special rules for correction of the other types of fiscal documents and transactions in Montenegro, in relation to corrections of cash and cashless receipts, corrections of errors, closing advance payment transactions, corrections during the usage of gift cards or vouchers, corrections of summary receipts, etc. Also, these procedures must be clear because of the tax inspection.
To summarize, corrective receipts can be issued for a number of reasons, including corrections of wrong calculations, wrong information on the receipt, returns, advance payments, usage of gift cards or vouchers, as well as errors found during subsequent checks. Importantly, corrective receipts are fiscal receipts. As a rule, they contain a reference to the original receipt that they are correcting (the IKOF of the original receipt). Also, taxpayers must maintain an electronic journal of all corrective receipts that they issue.
Other news from Montenegro
New document was uploaded: EV-chargers from the Fiscalization Perspective in Montenegro
Montenegro
Author: Nikolina Basić
The document explains the fiscalization requirements for EV chargers in Montenegro and whether they fall under the country's fiscal regulations. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New document was uploaded: S4F backoffice patch
Author: Dejan Šijačić
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Montenegro Advances Payment System Modernization and SEPA Integration
Public
Montenegro
Author: Ljubica Blagojević
Montenegro
Author: Ljubica Blagojević
Montenegro is advancing payment system modernization through its National Payment Committee, focusing on SEPA integration, IBAN adoption, and the launch of the RTS/X and TIPS Clone platforms for instant payments. With full SEPA functionality set to begin on October 6, 2025, these initiatives aim to enhance security, efficiency, and EU alignment in the country's financial system. The Centr... Read more
New document was uploaded: S4F backoffice patch
Author: Kristina Dosen
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New document was uploaded: S4F backoffice patch
Author: Dejan Šijačić
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
TLv6 Implementation Marks Significant Shift in EU’s Trust List Format
Public
All countries
Author: Ivana Picajkić
A new EU Trust List format, TLv6, will officially replace TLv5 in May 2025 as part of the updated eIDAS Regulation (EU 2024/1183). It introduces key technical changes like a new URI field, updated signature format, and optional phone number support. Organizations must update their systems to avoid signature validation failures and service disruptions, as TLv5 will no longer be valid once TLv6 take... Read more
Similarities between fiscalization systems in Albania and Montenegro
Public
Author: Nikolina Basić
The fiscalization systems in Albania and Montenegro share similarities, including real-time communication with tax authorities, mandatory transaction authorization, and flexibility regarding software and hardware specifications. However, notable differences remain in legal requirements, data registration obligations, and specific receipt details The fiscalization systems in Montenegro and Albania... Read more