Progressive taxation of real estate transactions

According to the Law on Real Estate Sales Tax dated March 10th, 2023, Montenegro introduces progressive taxation of real estate sales.
 
Real estate sales tax rates are progressive and amount to:

    1) up to EUR 150,000.00 3%;

    2) over 150,000.01 euros: 4,500.00 euros + 5% on the amount over 150,000.01 euros;

    3) over 500,000.01 euros: 22,000.00 euros + 6% on the amount over 500,000.01 euros."

 The person liable to pay real estate sales tax is the real estate buyer. The tax need to be  paid after the change of ownership of real estate. The aforementioned changes in tax rates apply from January 1st, 2024.