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 adjusting the tax structure for broader economic goals.
VAT rate updates in Montenegro-officially approved
Public
Montenegro
Author: Nikolina Basić
Category:
Fiscal subject related
General information
Views:
813
Content accuracy validation date:
21.11.2024
Content accuracy validation time:
08:08h
Montenegro's parliament has approved the introduction of a new 15% Value Added Tax (VAT) rate, which will come into effect on January 1, 2025. This change will impact a variety of products and services that were previously taxed at 7%.
The new 15% VAT rate will apply to:
- Books
- Hotel and accommodation services
- Non-alcoholic beverages
- Food preparation services
- Copyrights
- Educational services
- Marina services
- Solar panels
- Hairdressing services
The existing 7% VAT rate will continue to apply to essential goods, including:
- Basic food items
- Medicines
- Medical devices
- Textbooks
- Non-bottled drinking water
- Public transportation
- Animal feed
- Menstrual products
The adjustment aims to align Montenegro's tax system with EU Directive 2006/112, supporting the country's application for EU membership. Additionally, the reform seeks to reduce the overall tax burden on wages as part of a broader fiscal strategy to enhance Montenegro's economic framework and facilitate its integration into the European Union.
This significant tax reform marks a step forward in Montenegro's efforts to modernize its economy and align with European standards.
Other news from Montenegro
New document was uploaded: EV-chargers from the Fiscalization Perspective in Montenegro
Montenegro
Author: Nikolina Basić
The document explains the fiscalization requirements for EV chargers in Montenegro and whether they fall under the country's fiscal regulations. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New document was uploaded: S4F backoffice patch
Author: Dejan Šijačić
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. Please make sure to install all available patches sequentially (without skipping). This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Montenegro Advances Payment System Modernization and SEPA Integration
Public
Montenegro
Author: Ljubica Blagojević
Montenegro
Author: Ljubica Blagojević
Montenegro is advancing payment system modernization through its National Payment Committee, focusing on SEPA integration, IBAN adoption, and the launch of the RTS/X and TIPS Clone platforms for instant payments. With full SEPA functionality set to begin on October 6, 2025, these initiatives aim to enhance security, efficiency, and EU alignment in the country's financial system. The Centr... 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
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New document was uploaded: S4F backoffice patch
Author: Dejan Šijačić
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
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
TLv6 Implementation Marks Significant Shift in EU’s Trust List Format
Public
All countries
Author: Ivana Picajkić
A new EU Trust List format, TLv6, will officially replace TLv5 in May 2025 as part of the updated eIDAS Regulation (EU 2024/1183). It introduces key technical changes like a new URI field, updated signature format, and optional phone number support. Organizations must update their systems to avoid signature validation failures and service disruptions, as TLv5 will no longer be valid once TLv6 take... Read more
Similarities between fiscalization systems in Albania and Montenegro
Public
Author: Nikolina Basić
The fiscalization systems in Albania and Montenegro share similarities, including real-time communication with tax authorities, mandatory transaction authorization, and flexibility regarding software and hardware specifications. However, notable differences remain in legal requirements, data registration obligations, and specific receipt details The fiscalization systems in Montenegro and Albania... Read more