Montenegro

Corporate - Significant developments

Last reviewed - 07 June 2022

In accordance with the proposed plan of the Montenegrin Government "Europe Now", a major change in tax laws has been made:

  • There is now new progressive corporate income tax rate;
  • Withholding  / capital gains tax rate has been increased;
  • New detailed transfer pricing rules have been introduced;
  • Transfer pricing documentation is now mandatory;
  • Country by country reporting have been introduced;
  • There is now new progressive personal income tax rate for salaries;
  • For other income types subject to personal income tax, tax rate has increased;
  • Health insurance liability have been abolished;