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If VAT regulations remain unchanged, Montenegro’s hospitality sector faces discrimination and unfair competition

Montenegro's hospitality industry is grappling with potential discrimination and unfair competition due to the prevailing provisions of the Value Added Tax (VAT) Law. Under...

“Montenegro’s fiscal performance: January surplus reflects revenue strength and budget management

In January, the Ministry of Finance reported a budget surplus of 16.3 million EUR, equivalent to 0.2% of the estimated Gross Domestic Product (GDP)....

The turnover of companies in Montenegro in 2022 amounted to around ten billion euros

The turnover of companies in Montenegro in 2022 amounted to 10.02 billion euros, as announced by Monstat. "The gross value of production in 2022 amounted...

Surplus for 11 months 158.5 million EUR

In the first 11 months, considering the realization of revenues and expenditures, a budget surplus of 158.5 million EUR or 2.6% of the estimated...
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The VAT rate for hospitality businesses will be increased from 7 to 21 percent

The government has decided to increase the value-added tax (VAT) rate in the hospitality sector from 7 to 21 percent, returning it to the...

Montenegro’s Tax Incentives: Paving the Way for a Business-Friendly Environment and EU Collaboration

Montenegro, with its stunning landscapes and strategic location, is not only a tourist haven but also an increasingly attractive destination for businesses. Mercosur.me consultancy...
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