Montenegro

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;