The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
Dear Madam/Sir,
We would like to inform you that Montenegrin Ministry of Finance has announced on their web site that, as a part of fiscal strategy measures, the general VAT rate will be increased from 19% to 21% starting from 1 January 2018, noting that the reduced VAT rate will remain unchanged.
In the announcement it is also stated that the planned fiscal strategy measures include increases in excise duties on cigarettes, alcohol, coal, and sweetened carbonated water.
The link to the Ministry of Finance website where this announcement was published is as follows:
http://www.mif.gov.me/vijesti/173156/Ministar-Radunovic-Mjerama-fiskalne-strategije-do-smanjenja-javnog-duga-budzetskog-suficita-i-pravednije-raspodjele-socijalnih-f.html.
Please feel free to contact us for any questions you might have.
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