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.
Penalties and restrictions for fiscalization obligation delays in Montenegro
Public
Montenegro
Author: Kristina Dosen
Category:
General information
Views:
916
Content accuracy validation date:
18.06.2021
Content accuracy validation time:
08:25h
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.
Other news from Montenegro
Montenegro Extends Deadline for Activity Code Alignment under KD 2025
Public
Montenegro
Author: Vukašin Santo
Montenegro
Author: Vukašin Santo
The Ministry of Finance of Montenegro has extended the deadline for aligning activity codes with KD 2025 from 30 March to 30 June 2026, giving businesses additional time to comply with the updated classification requirements. Ministry of Finance of Montenegro has announced an extension of the deadline for businesses to align their activity codes with the new Classification of Activities – KD... Read more
Montenegro Advances Digital Business Registration with CRPS Digitalization Training
Montenegro
Author: Vukašin Santo
Montenegro has launched a training initiative to support the digitalization of business registration documents within the Central Register of Business Entities (CRPS), involving key institutions such as the Ministry of Finance of Montenegro and the Tax Administration of Montenegro. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
IKOF Code Plays Key Role in Fiscalization and Receipt Identification
Montenegro
Author: Vukašin Santo
The IKOF is a unique 32-character code generated by the POS for each receipt, ensuring traceability, linking transactions to the taxpayer, and serving as a mandatory element on fiscal receipts. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Montenegro -reminder: Proper Handling of Return Transactions Under Fiscal Rules
Montenegro
Author: Vukašin Santo
Return transactions are formal fiscal operations and must be processed through a Void (corrective) receipt containing negative values and a reference to the original fiscal document. Only previously fiscalized receipts with a valid JIKR can be corrected, and each corrective receipt must include the original receipt’s IKOF to ensure traceability and audit integrity. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New document was uploaded: S4FiscalBackoffice 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
New document was uploaded: S4FiscalBackoffice 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
New document was uploaded: S4FiscalBackoffice 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