FISCAL SOLUTIONS...
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Public Montenegro Author: Kristina Dosen
On May 6th, 2022, members of the Parliament of Montenegro adopted the amendments to the Law on Law on VAT and Law on Excise Taxes. These amendments have enabled the reduction of excise duties on fuel, VAT on basic groceries, and real estate tax.
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Content accuracy validation date: 13.05.2022
Content accuracy validation time: 08:04h

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Firstly, the plan is to reduce excise duties on fuel by up to 50%, but the Minister of Finance announced that excise duties on fuel will be reduced by 40% for now. Secondly, the VAT on flour and edible oil will be temporarily abolished. Finally, VAT on salt will be reduced to 7%. The assembly also decided to increase the price of a pack of cigarettes by about 10 cents from June 1st, 2022. Some members of the Parliament expressed doubt that citizens will benefit from lower VAT on basic groceries, as they believe that traders will not reduce prices.

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