Fiscal subject related
The main positive effects are:
- Increasing public revenues through suppression of the gray economy
- Significant reduction of unregistered traffic
- Significantly facilitated and improved the work of inspection services.
- A simple check of the validity of tax returns
- Providing insight into the validity of fiscal receipts to citizens
- Advanced analytics of tax revenues and the tax system
The system is based on the following basic principles:
- Each fiscal receipt is registered in the central system of the Tax Administration when it is created and receives a QR code and a unique account number issued by the central system.
- Security and reliability of data and transactions are ensured by the encryption of data through appropriate certificates for authentication and reliable electronic signing.
Other news from Montenegro
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more
VAT rate updates in Montenegro-officially approved
Montenegro's parliament has approved a new 15% VAT rate, effective January 1, 2025, applying to services like accommodation, educational activities, and non-alcoholic beverages. The 7% VAT rate will remain for essentials like basic food, medicines, and public transportation. This reform aligns Montenegro's tax framework with EU Directive 2006/112, supporting its EU membership application while adj... Read more
VAT rates updates in Montenegro from January 2025
Montenegro has officially gazette changes to its reduced VAT rate regime, introducing a new 15% VAT rate alongside the existing 7% rate. The changes will be applied from January 1st, 2025. The standard VAT rate of 21% remains unchanged. VAT rates updates: Supplies moved from 7% to 15%: Accommodation and hotels Hospitality services Books Other The 7% rate will continue to apply to basics:... Read more
Proposed changes in VAT in Montenegro
The Montenegrin government proposes VAT law amendments to benefit consumers and businesses. More precisely, the Montenegrin Government has released a draft bill proposing significant amendments to the VAT Law, aimed at benefiting both consumers and businesses. The proposed changes include: Amended VAT Rates: The bill outlines adjustments to VAT rates for various categories of goods, services, a... Read more
Fiscalization in Montenegro: what certificates are required to be in compliance with the fiscalization rules?
To ensure the authenticity of transactions, it is mandatory to use official certificates for signing in Montenegro. That was introduced by the electronic fiscalization that was established and defined in Montenegro a few years ago. Signatures (certificates) ensure that transactions are coming from a particular retailer. Key Points: Issuing Authorities: Certificates are issued by CoreIT or Monte... Read more
New document was uploaded: S4F backoffice patch
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). For each patch it is specified for which countries it is released for and with this information and with information from release notes user should prioritize the installation of the patch if S4F Backoffice is used in specified countries. Even though the patch may be prioritized for specified countries please make sure to install all patches sequentially, including the previous ones (if any) even if they are not related to used countries. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Please note that this patch contains changes for following country: France Read more
How is the charging of electric vehicles in Montenegro treated from the VAT and fiscalization perspective?
From the fiscalization and VAT perspective, the treatment of service, which includes sales of electricity for electric vehicles in Montenegro, similar to other fiscal countries, is not specifically regulated by precise regulations. It is the subject of the analysis and interpretation of different laws and regulations. The main question is how the chargers are treated to be able to see whether they are subjects of fiscalization. Also, are they or not treated as points of sales, cash registers, fiscal devices, or maybe vending machines? Or fiscalization is not an obligation for e-chargers? Of course, every country has its own rules, and the answer is not simple. Read more