- Montenegrin Government released a draft bill to amend the VAT Law
- Includes measures to amend rates for different categories of goods, services, and imports
- Reduced 7 percent rate for basic products and drugs
- Reduced 15 percent rate for books and accommodation services
- VAT-exempt categories upon import
- Measure to apply reduced 15 percent rate to marina services until EU accession
- Law to apply from Jan. 1, 2025.
Source: news.bloombergtax.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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