During May 2021, the Montenegrin authorities have adopted
several amendments to existing laws aimed at
improving the current situation in the Montenegrin economy.
Adopted amendments to existing laws include:
- Amendment to existing law on Value
Added tax – Increasing the limit for mandatory
VAT registration from 18,000 to 30,000 euros
The amendments to existing laws on Value Added Tax were
published in the Official gazette of the Republic
of Montenegro no. 59 on 04. June
2021 – the limit for a taxpayer, up to which
VAT registration is not obligatory, is increased from the
current 18,000 euros to 30,000 euros of annual
turnover.
According to that, a taxpayer who in the last 12
months realizes the turnover of sales of products or
services in the value that does not exceed and is
not likely to exceed the amount of 30,000 euros is not a taxpayer
in the sense of law on the value added
tax. This Law shall enter into force
from the day of its
