Montenegro
Corporate - Significant developments
Last reviewed - 07 June 2022In 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;