The Ministry of Finance has adopted the Rulebook on Amendments to the Rulebook on the Classification of Fixed Assets by Groups and Methods for Determining Depreciation
(“Official Gazette of Montenegro”, No. 124/24 dated 25.12.2024).
In the Rulebook on the Classification of Fixed Assets by Groups and Methods for Determining Depreciation (“Official Gazette of the Republic of Montenegro”, No. 28/02 and “Official Gazette of Montenegro”, Nos. 130/21 and 118/24), the following amendment was made to Article 5:
DEPRECIATION METHODS
Article 5
Depreciation for fixed assets classified in the first depreciation group is calculated using the proportional method for each asset individually.
The amount of the annual reduction in the value of fixed assets based on depreciation from paragraph 1 of this article is equal to one-fortieth (1/40, or 2.5%) of the acquisition price (one-twentieth (1/20, or 5%) of the acquisition price) of the fixed asset, increased by the value of investments exceeding 5% of the acquisition price.
Depreciation of investment properties that, after initial recognition in the books of the taxpayer, are valued using the fair value method, is determined by applying the rate from paragraph 2 of this article to the acquisition value.
This rulebook enters into force on the eighth day from the date of publication in the Official Gazette of Montenegro.
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