- Montenegro’s Ministry of Finance published a draft law to implement EU Regulation 904/2010 on VAT administrative cooperation and fraud prevention.
- The bill would set up a Central Liaison Office, require electronic record submission, and allow information exchange with EU and other tax authorities.
- It also enables parallel or joint audits, introduces electronic VAT/small taxpayer certificates, and uses the EU’s CCN/CSI secure network.
- Noncompliance with record requests could lead to fines of €5,000 to €20,000.
- The law would take effect when Montenegro joins the EU.
Source: globalvatcompliance.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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