Montenegro published amendments to the VAT Law on 4 June 2021 including an increase in the VAT registration threshold from annual turnover of EUR 18,000 or more in any 12-month period to annual turnover of EUR 30,000 or more. Aside from the registration threshold increase, the amendments provide that the supply of eggs is subject to the 7% reduced VAT rate. The amendments are in force from the date of publication, 4 June 2021.
Source:
Latest Posts in "Montenegro"
- Montenegro Tourism Faces Decline as Hotels Reclassify to Avoid Increased VAT Burden
- Montenegro Tax Inspections Uncover €1.2 Million in Fines, Targeting Tourist Areas and Accommodations
- Understanding EV Chargers: Fiscalization, Taxpayer Obligations, Business Concepts, and Payment Methods
- Montenegro Modernizes Payment System with SEPA Integration and Instant Payment Platforms by 2025
- Similarities between Fiscalization Systems in Albania and Montenegro