Tax on empty flats in Montenegro doubles?

Podgorica (Photo: podgorica.me)

According to the Law on real estate tax, published at the website of the Ministry of Finance, real estate tax rate in Montenegro ranges 0,1 - 1,0%.

- All the flats registered in the real estate registries are subject to taxation. But, it is a common case that there are illegal facilities and therefore tax scope can differ depending on local self-governance – depending on to what extent they succeeded in registering illegal facilities, to define ownership and establish tax commitment – Milanka Otovic from the Ministry of Finance explains.

The proposal of constructors that flats which were not sold should be tax-free or should be treated like good on stock, for them, is practically unacceptable.