- Montenegro has updated its reduced VAT rate regime
- A new 15% VAT rate has been introduced alongside the existing 7% rate
- Changes will be applied from January 1st, 2025
- Standard VAT rate of 21% remains unchanged
- Supplies like accommodation, hospitality services, books, and others have moved from 7% to 15%
- Basics like basic foods, medicines, textbooks, animal food, funeral services, and others will continue to have a 7% rate
- Changes are part of Montenegro’s strategy to modernize its tax system and move towards EU membership.
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.
