No VAT Decrease for Secondhand Goods and Travel Agencies

By , 03 Apr 2018, 12:36 PM Business
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There is no reason to decrease the VAT amount for secondhand products, said the Ministry of Finance, which had plans to change the Law on added value tax.

In the Government’s program adopted in March, it stated that they planned to change the Law on this tax in the section related to secondhand products and travel agencies.

“There is a special way of paying taxes for secondhand products and travel agencies in the European and Montenegrin legislation. With the planned changes, further compliance of certain clauses is predicted, but there are no reasons to decrease the VAT for these kinds of products and services”, said the Ministry as their reply to the question of whether a decrease of 21 percent tax is being considered.

Text by Pobjeda, on April 3rd 2018, read more at CdM

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