- The Revenue and Customs Administration in Montenegro is reminding taxpayers about changes to the Value Added Tax (VAT) law.
- Starting from January 1, 2024, the turnover of food and certain types of drinks in restaurants and catering establishments will be subject to a reduced VAT rate of 7%.
- The types of turnover eligible for the reduced VAT rate are clearly defined in the Law on Value Added Tax.
- Until the end of 2023, all catering facilities are taxed at a reduced rate of 7% for preparing and serving food and non-alcoholic beverages, except for certain excluded items.
- From 2024 onwards, the reduced VAT rate of 7% will only apply to restaurants and catering establishments that are categorized and permitted according to the Tourism and Hospitality Act.
- Carbonated and non-carbonated bottled water will be taxed at the standard rate of 21%.
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
