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Montenegro’s tourism sector faces crisis as VAT hike hits 15 percent

The recent decision by the Montenegrin Parliament to increase VAT on the tourism sector from seven to 15 percent has raised significant concerns among...

Montenegro’s President criticizes erosion of social dialogue and negative effects of VAT increase

Montenegro's President Jakov Milatović has expressed concerns about the decline of social dialogue in the country following the recent session of the Social Council. Milatović...

Increasing VAT and excise taxes will boost inflation without improving budget revenues

Petar Odžić, Vice President of the Social Democratic Party (SDP) and European Union representative, has criticized the proposed increases in Value Added Tax (VAT)...

Draft Fiscal Strategy proposes full VAT on all foreign shipments, ending current exemption

The proposed fiscal strategy outlines a significant change: the removal of the current VAT exemption for international shipments valued up to 75 euros. Under...
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Draft Fiscal Strategy proposes increasing VAT on books and print media to 15%

The draft fiscal strategy suggests raising the VAT rate on books and print media from 7% to 15%. This move contrasts with the common...

Montenegrin hoteliers fear major losses and competitive setbacks due to proposed VAT increase

Montenegrin hoteliers are facing significant concerns as most have already sold their packages for the upcoming year, assuming a 7% VAT rate on accommodation....
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