Montenegro’s tax regime has become one of the most competitive in whole of Europe. With 9% corporate profit tax rate companies operating in Montenegro enjoy not only a business friendly environment but also a low tax burden, thus maximizing their operational profit.
|VAT||Standard rate – 19 % | Lower rate – 7 % | Zero rate – 0 %|
|Corporate Profit Tax||Flat rate – 9 %|
|Personal Income Tax||As from February 2013, salary up to EUR 720 (EUR 480net) remains subject to 9% tax; salary in excess of this amount is taxed at a rate of 15%. The increased tax rate will apply until the end of 2015.|
(Source: Ministry of Finance)
|Proportional tax ranging between 0.08 % - 0.8 % of the immovable property’s market value|
“Montenegro's economic transformation could define the budding nation as one of the world's most business-friendly countries.”