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
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318
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.
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