Fiscal subject related
General information
The proposed changes include:
- Amended VAT Rates: The bill outlines adjustments to VAT rates for various categories of goods, services, and imports.
- Reduced Rates: A reduced 7 percent VAT rate is proposed for basic products and drugs, while a 15 percent rate is suggested for books and accommodation services.
- VAT-Exempt Categories: Certain categories will be exempt from VAT upon import.
- Marina Services: A measure to apply a reduced 15 percent VAT rate to marina services until Montenegro's accession to the EU.
These amendments are designed to ease the financial burden on consumers and support the growth of businesses in Montenegro. The new law is set to take effect from January 1, 2025, but the additional confirmations and information will be published in the coming months.
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
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