Tag: VAT increase

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VAT increase on construction land may raise apartment prices, URA warns

Montenegro’s construction and real-estate market is once again at the centre of political and economic debate after the United Reform Action (URA) party warned...

DPS claims new 21% VAT on construction land aims to cover budget gaps and rising debt

The head of the DPS councillors’ group in the Capital City Assembly, Andrija Klikovac, stated that the Government is introducing a new VAT measure...

Measures to lower food prices in Montenegro: VAT reduction, domestic support and strategic reserves

Reducing VAT on fruits and vegetables, supporting domestic production, and forming strategic reserves are some of the measures that could lead to lower prices...

VAT increase will negatively impact Montenegro’s tourism sector

The increase in value-added tax (VAT) will negatively affect Montenegro's tourism offer, stated Žarko Radulović, president of the Montenegrin Tourism Association and co-owner of...
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Impact of VAT increase on Montenegrin tourism: Concerns from industry leaders

Montenegro will implement a unified VAT rate of 15% for the tourism sector starting next year, which includes an increase from 7% for accommodation...
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