Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Indirect Taxation
Ministry of Finance
Tax Administration
Novo Radovic
novo.radovic@tax.gov.me
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EU Legislation on VAT
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• Import of goods
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Trade of goods
• Transfer of disposal rights
• Sale with reimbursement based on the decision of a state authority
• Sale based on contract with which commission is paid
• Sale based on leasing contract on defined time
• Sale based on purchase contract with deferred payment
• Sale of newly constructed buildings
• Disposal of business assets by another person
• Trade of electricity and gas
• Use of goods for non-business purposes
• Exchange of goods
• It is not precisely prescribed what is considered as a newly constructed
building, i.e. how this category is defined
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Supply of services
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Public institutions
• If they supply goods or services taxable in case of other
taxpayers
• Risk of unfair competition
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Obligations of a taxpayer
• VAT registration;
• Book - keeping;
• Issuing of receipts;
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VAT registration
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• Import of goods
• There is an issue for services supplied in several tax periods if payment
dynamics doesn`t follow tax periods (construction industry, hotel industry
etc.)
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• Reimbursement for supplied goods and services in which VAT was not
included
• Upon import: value of goods assessed by customs regulations
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• Reduced rate 7%
- Article 24a of the Law and Rulebook on Identification of Goods and
Services taxed by the Reduced VAT Rate are aligned with Annex III of
Directive 2006/112
- reduced VAT rate will be applicable for maintenance services supplied in
marinas and for computer equipment until Montenegro accesses the EU
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VAT exemptions
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- goods temporarily imported under condition that they are customs duty
exempt, pursuant to customs regulations and Convention on Temporary
Import.
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• Return shall be submitted until 15th of the month following the tax
period, when tax liability shall be paid
• Upon import, customs duty shall be paid simultaneously with VAT, in the
manner prescribed by customs regulations
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• Farmer
• Travel agency
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Thank you for your attention!
QUESTIONS
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