Montenegro
Corporate - Significant developments
Last reviewed - 21 April 2023In 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.