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Montenegro Taxation

Montenegro Taxation
Brand: Montenegro
Category: Tax Jurisdiction

Rating

The overall rating is based on review by third parties and our experts

8.3
  • Global Tax Friendly 9 / 10
  • Inheritance Tax Friendly 10 / 10
  • Easy to Citizenship 8 / 10
  • Financial Secret Score 6 / 10
  • R. Estate Tax Friendly 9 / 10
  • Gift Tax Friendly 10 / 10
  • Anti-Aml Index 6 / 10

Information

Investment Basis

Currency EUR
Accounting Principles IFRS, GAAP, UCA, Parent company
Individual Worldwide Tax Basis Deemed a domiciled resident, or resident having a minimum of 183 stays in a year.
Fast Track Citizenship

Individual Taxation

Starting Taxable Income 1
Starting Income Tax Rate 9%
Highest Income Tax Rate 9%
No Individual Capital Gain Tax

Inheritance, Gift, Net Worth, Dividend, Interest Taxation

No Net Worth Tax
No Gift Tax
No Inheritance Tax
Dividend Tax Combined income
Interest Tax Combined income

Corporate Taxation

Income Tax Rate 9%
Branch Tax Rate 9%
No Capital Gain Tax

Withholding Taxation for Nonresidents

Dividends (Company) 9%
Interest (Company) 9%
Royalties (Company) 9%
Fees for Technical Services (Company) 9%
Dividends (Individual) 9%
Interest (Individual) 5%
Royalties (Individual) 9%
Fees for Technical Services (Individual) 9%

Withholding Taxation for Residents

Dividends (Company) 9%
Interest (Company) 0%
Royalties (Company) 0%
Fees for Technical Services (Company) 0%
Dividends (Individual) 9%
Interest (Individual) 0%
Royalties (Individual) 0%
Fees for Technical Services (Individual) 0%

Real Estate

Stamp Duty None
Transfer Tax 3%
Real Property Tax 0.25-1%

Value Added Tax

Standard Rate 21%
Reduced Rate 0%/7%

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