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In order to further harmonize the national legislation with the Directive of the Council of the European Union (EU) 2006/112 on the common system of VAT, the Government adopted changes to the Law on Value Added Tax (VAT) at the last session.
As explained, the basic changes in the Law are additional harmonization of the national VAT legislation with the Directive of the Council of the EU.
– The new solutions relate to the taxation of natural gas and electricity and energy for heating or cooling, investment gold, as well as services in the international road transport of passengers in Montenegro provided by foreign persons who do not have a seat or a permanent business unit, residence or residence in our country country – it was announced.
The circulation of electricity and natural gas is regulated in a different way, which creates more favorable conditions for the improvement of the energy market, creates appropriate market conditions for the smooth operation of entities on this market, by reducing the administrative burden and ensuring equal tax treatment of all entities.
– In this way, the possibility of double taxation or non-taxation will be abolished and tax barriers will be removed in the process of integration of the energy market with the markets of EU member states and countries from the region – Vada stated.
Also, the proposed legal solution envisages the introduction of a new tax category in the Montenegrin tax system, the taxation of the turnover of investment gold, thus harmonizing the national tax legislation with the tax legislation of the European Union.
– Changes in the area of taxation of foreign persons who do not have a registered office or a permanent business unit, domicile or residence in Montenegro, and perform exclusively international road transport of passengers in Montenegro, put Montenegrin taxpayers who provide the same services on the territory of neighboring countries in an equal position , in which VAT is calculated for them, except when there is an international agreement on tax exemption concluded with the country from which the taxpayer who provides those services is based in the territory of Montenegro – the announcement concludes, local media reports.
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