Increase in the general VAT rate and excise duty rates in Montenegro

Increase in the general VAT rate in Montenegro

Montenegrin Ministry of Finance has announced on their web site that the general VAT rate will be increased from 19% to 21% starting from 1 January 2018.

1000

Related content

Increase in the general VAT rate

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.

KPMG Tax & Legal Department 

KPMG d.o.o. Beograd
Kraljice Natalije 11
11000 Belgrade
Serbia

Office: +381-11-20-50-500
Fax: +381-11-20-50-550

tax@kpmg.rs
 

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.