On 26 September 2024, the parliament of Montenegro signed the introduction of a reduced VAT rate of 15% into law. This entails some products and services to be taxed at 15% instead of 7% VAT. The changes are expected to come into force from 1 January 2025.

Products and services taxed at the new VAT rate of 15% include:

• Books;
• Hotels and accommodation services;
• Non-alcoholic drinks and beve…