FISCAL SOLUTIONS...
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Public Montenegro Author: Kristina Dosen
Penalties for non-implementation of the electronic fiscalization procedure are: a. Ban on activities for 90 days, b. fines in the range of 650 EUR and even up to 40,000 EUR, depending on the type of violation and the form of organizing the activities of taxpayers. Montenegrin Tax Administration has an understanding for taxpayers who, because of objective, technical reasons, did not complete the fiscalization process that began on June 1, 2021. At this moment, over twelve thousand taxpayers have registered for the electronic fiscalization system through SEP (Self-Service Electronic Portal) and the electronic fiscalization system.
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Content accuracy validation date: 18.06.2021
Content accuracy validation time: 08:25h

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Bearing in mind that the new Law on Fiscalization in Montenegro has been in force since January 1, 2021, a deadline until June 1 was provided, which was intended for taxpayers to move into a new system of recording turnover. Despite the provided deadline, many taxpayers started preparing for a new type of fiscalization relatively late. Therefore, certification bodies and software solution manufacturers are facing challenges in servicing all market needs in a short period. However, with the expectation that the majority of taxpayers will voluntarily comply with legal provisions and harmonize operations with them, through inspection procedures that will follow to verify compliance with the Act, all circumstances will be determined, and thus the responsibility of all taxpayers found irregularities, on which further measures will depend.

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