Business leaders at a session of the Chamber of Economy’s Tourism and Hospitality Association Committee voiced concerns over proposed increases in value-added tax (VAT) rates within…
Browsing: VAT
From January to the end of April this year, Montenegro’s budget revenues reached €896.1 million, or 12.7% of the estimated GDP, representing an increase of €98.7…
In the coming period, there are plans to amend specific tax laws in Montenegro, with a key emphasis on avoiding any increase in the general VAT…
Montenegro’s Ministry of Finance, led by Novica Vuković, has made it clear that there are no plans to raise the value-added tax (VAT). In an interview…
Montenegro’s hospitality industry is grappling with potential discrimination and unfair competition due to the prevailing provisions of the Value Added Tax (VAT) Law. Under these regulations,…
In January, the Ministry of Finance reported a budget surplus of 16.3 million EUR, equivalent to 0.2% of the estimated Gross Domestic Product (GDP). The data…
The turnover of companies in Montenegro in 2022 amounted to 10.02 billion euros, as announced by Monstat. “The gross value of production in 2022 amounted to…
In the first 11 months, considering the realization of revenues and expenditures, a budget surplus of 158.5 million EUR or 2.6% of the estimated gross domestic…
The government has decided to increase the value-added tax (VAT) rate in the hospitality sector from 7 to 21 percent, returning it to the level it…
Montenegro, with its stunning landscapes and strategic location, is not only a tourist haven but also an increasingly attractive destination for businesses. Mercosur.me consultancy explains the…
