The VAT in Montenegro is a tax applied when goods or services are sold or imported. In some countries, the VAT can be applied to exports as well, but this is not the case with Montenegro. The tax amounts to a certain percentage of the value of the sold product.
For the companies which have revenues exceeding 18 000 euro per year, the standard VAT rate in this country is of 21%, with possible rate reductions at 7% or even complete tax relief.
Source lawyersmontenegro.eu
