News
New amendments to the Law on VAT
Summary
In Montenegro, amendments to the Law on VAT were adopted and published in Montenegrin Official Gazette. The most noticed amendment is the one defining the limit of the amount of taxable turnover for mandatory VAT registration.
Also, the Rulebook on the form and content on the application for registration for VAT purposes was published and entered into force on the day after the day of its publication in the Official Gazette.
Content
Changes are connected to the limit of the amount of taxable turnover for mandatory VAT registration: initially, the limit for VAT registration was 18,000 EUR for 12 months. Now, according to the change, a person who in the last 12 months realizes the turnover of products or services in a value that does not exceed and it is not likely to exceed the amount of 30,000 EUR is not a taxpayer in the terms of this law.
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