Pursuant to amendments published in the Official Gazette of Montenegro No. 94/2024 on September 30, 2024, a new reduced VAT rate category of 15% is introduced and the scope of supplies subject to the 7% reduced rate is adjusted from January 1, 2025.
The 7% VAT rate will apply to essential goods, including basic food items, medicines, medical devices surgically implanted in the body, textbooks and educational materials, daily and periodic newspapers, drinking water, menstrual products, baby diapers, and other basic items.
The new 15% VAT rate will apply to books, monographic and serial publications, accommodation services in hotels and resorts, food and beverage services (excluding alcoholic beverages, carbonated and non-carbonated drinks with added sugar, and coffee), and various others.
The Official Gazette No. 94/2024 can be found here.
