Montenegro

In accordance with the proposed plan of the Montenegrin Government under the 'Europe Now' programme, the following major corporate tax law changes have been made in 2022:

• New progressive corporate income tax (CIT) rate was introduced.
• The withholding tax (WHT) and capital gains tax rate was increased.
• New detailed transfer pricing rules have been introduced.
• Transfer pricing documentation become mandatory.
• Country-by-country (CbC) reporting has been introduced.
• Health insurance liability has been abolished.