Montenegro

In accordance with the proposed plan of the Montenegrin Government under the 'Europe Now' programme, the following major corporate tax law changes have been made:

• There is a new progressive corporate income tax (CIT) rate.
• The withholding tax (WHT) and capital gains tax rate have increased.
• New detailed transfer pricing rules have been introduced.
• Transfer pricing documentation is now mandatory.
• Country-by-country (CbC) reporting has been introduced.
• Health insurance liability has been abolished.