On 19 June 2013, the Montenegrin Parliament adopted the Law on Amendments to the Value Added Tax Law (hereinafter: the Law), as published in the Official Gazette of Montenegro no. 29 dated 22 June 2013. The Law will enter into force on 30 June 2013.
The most important amendment is the increase of general VAT rate from 17% to 19%. According to the instruction of the Ministry of Finance of Montenegro the general VAT rate of 19% will apply as of 1 July 2013.