The Ministry of Finance has adopted the Rulebook on the Products and Services Subject to the Reduced VAT Rate (“Official Gazette of Montenegro”, No. 117/24 dated 06.12.2024).
This rulebook provides further details on the products and services listed in Article 24a, paragraph 1, items 1), 3), 4), 5), 6), 15), and 16) of the Value Added Tax Law (“Official Gazette of the Republic of Montenegro”, No. 65/01, 38/02, 72/02, 21/03, and 76/05, and “Official Gazette of Montenegro”, No. 16/07, 29/13, 9/15, 53/16, 1/17, 50/17, 80/20, 59/21, 146/21, 49/22, 65/22, 140/22, 3/23, and 94/24), whose turnover or import is taxed at the reduced VAT rate.
This rulebook enters into force on the eighth day from the date of publication in the “Official Gazette of Montenegro” and will apply starting from January 1, 2025.
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