Montenegro

Non-residents carrying out business in Montenegro through a PE are taxed on their Montenegrin-source income at a progressive rate as follows:

• On the profit up to EUR 100,000, the tax rate shall be 9% fixed;
• On the profit from EUR 100,000.01 to EUR 1,500,000, the tax shall be paid in the amount of EUR 9,000 fixed + 12% on the profit above EUR 100,000.01;
• On the profit above EUR 1,500,000, the tax shall be paid in the amount of EUR 177,000 fixed + 15% on the profit above EUR 1,500,000.01.

A branch is considered to be a PE.