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 in Montenegro from January 2025
Public
Montenegro
Author: Nikolina Basić
Category:
Fiscal subject related
General information
Views:
491
Content accuracy validation date:
23.10.2024
Content accuracy validation time:
09:00h
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:
- Basic foods;
- Medicines
- Textbooks
- Animal food
- Funeral services;
- Others
These adjustments are part of Montenegro's broader strategy to modernize its tax system and facilitate its path towards EU membership.
Other news from Montenegro
The tax administration of Montenegro published the rulebook for products and services taxed at a reduced VAT rate.
Public
Montenegro
Author: Nikolina Basić
Montenegro
Author: Nikolina Basić
Montenegro's Tax Administration has published a rulebook outlining products and services eligible for a reduced VAT rate, effective January 1, 2025, including basic foods, medical devices, and public transportation. In accordance with the latest updates regarding changes of VAT rates in Montenegro, effective from January 1st, 2025, the Montenegrin Tax Administration published a rulebook on determi... 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
New document was uploaded: Modern payment media - Montenegro
Montenegro
Author: Nikolina Basić
The purpose of this document is to provide insight into the most used payment methods in Montenegro sales transactions from the fiscalization perspective. Also, to determine whether modern payments are used and their impact on fiscalization. Read more
Important notice from the Tax Administration in Montenegro
Montenegro
Author: Nikolina Basić
Montenegro's Tax Administration has announced updates to the VAT system, introducing a reduced 15% VAT rate effective January 1, 2025, by amendments to the VAT Law. This rate applies to specific goods and services, including books, accommodation, certain food services, cultural events, and solar panels, among others. 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
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
Public
All countries
Author: Kristina Dosen
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
Public
Montenegro
Author: Nikolina Basić
Montenegro
Author: Nikolina Basić
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