- Introduces VAT information exchange rules, electronic records, audits, and cooperation with EU tax authorities.
- Designates the Montenegrin tax authority and a Central Liaison Office to handle VAT recordkeeping and coordination.
- Requires taxpayers and intermediaries to provide VAT-related records electronically on request; allows parallel or joint audits with EU and other authorities.
- Adds electronic VAT/small taxpayer certificates, uses the EU CCN/CSI network, and sets fines of €5,000–€20,000 for failing to submit records.
- Takes effect upon Montenegro’s EU accession and is meant to align VAT administration with EU anti-fraud and cross-border control standards.
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.
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