Montenegro

Taxable period

A tax year in Montenegro is the calendar year.

Tax returns

Generally, taxpayers are obligated to submit an annual tax return by the end of April for income generated in the previous calendar year.

Payment of tax

In accordance with the law, certain types of income (employment income, income from capital, property-related income, royalties, etc.) are subject to withholding at the source by the payer.

Taxes that are not covered by the withholding mechanism must be paid on submission of the annual tax return.

For certain types of taxable income, taxpayers can opt for settlement in instalments. Taxes on entrepreneurial income are payable in 12 monthly instalments.