§  Legislation

• Law on Used Motor Vehicles, Vessels, Aircrafts and Flying Objects Sales Tax ("Official Gazette of the Republic of Montenegro", No.055/03 dated 01.10.2003, “Official Gazette of Montenegro", No. 073/10 dated 10.12.2010, 040/11 dated 08.08.2011, 034/14 dated 08.08.2014, 070/17 dated 27.10.2017)

The taxpayer is a purchaser or acquirer of the used motor vehicle, vessel, aircraft or flying object, provided that the VAT is not paid on sale of the same.

Tax rate amounts to 5% of the market value of the above products.

Tax exemptions are highly limited and are related to inheritance and gifts in the first order of succession.

Tax liability is paid within 15 days from the day when tax liability arises.