Montenegro Gazettes Law on Sales Tax on Used Motor Vehicles, Watercraft, Aircraft, Spacecraft

The Montenegrin Official Gazette Oct. 31 published Law No. 01-009/25-2073/2, on sales tax on used motor vehicles, watercraft, aircraft, and spacecraft. The law includes measures: 1) introducing a 5 percent sales tax on the sale or acquisition of used passenger and other motor vehicles, watercraft, aircraft, and spacecraft, where input VAT was not previously deducted; 2) applying a reduced 2.5 percent sales tax for transfers completed within 180 days of the law’s entry into force; 3) assigning tax liability to the buyer or acquirer, calculated based on market value at transfer, as verified by the competent authority; 4) exempting transfers ...