Montenegro’s parliament has approved a new 15% VAT rate, effective January 1, 2025, applying to services like accommodation, educational activities, and non-alcoholic beverages. The 7% VAT rate will remain for essentials like basic food, medicines, and public transportation.
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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
