Principal assets

0
GDP – per capita (PPP) – 2017 est.
0.2 million
Exports (2014 est.)
9%

Income and capital gains earned by companies are taxed at a flat rate of 9%.

0Industries
Steelmaking, aluminum, agricultural processing, consumer goods, tourism
0.982 billion
Imports (2014 est.)

Facts

Official name Republic of Montenegro
Capital and
Largest city
Podgorica
Official languages Montenegrin (national and official)
Serbian, Bosnian, Albanian, Croatian (co-official)
Government Unitary dominant-party parliamentary constitutional republic
History Montenegro became an independent state after the referendum held on 21 May 2006. Independence was confirmed by adopting the Declaration of Independence in the Parliament on 3 June 2006. The international legal status of the independent state was recognised immediately after that occasion by admission to membership in the United Nations. After adopting a new Constitution in October 2007, Montenegro has taken the first step toward the EU membership by signing the Stabilisation and Association Agreement with the European Union.
Area • Total: 13,812 km2 ; 5,333 sq mi
• Water: 2.6%
Population • July 2018 estimate: 678,901
• 2011 census: 620,029
• Density: 45/km2 ; 116.5/sq mi
Currency Euro (€) (EUR)
Time zone
Summer
CET (UTC+1)
CEST (UTC+2)

Corporate Taxation

Income Tax

Income and capital gains earned by companies are taxed at a flat rate of 9%. Income-generating expenses and operating expenses are deductible when computing for the taxable income.

Withholding Taxes

Dividends: 9%,
Interest: 9%,
Royalties: 9%

Individual Taxes

Individuals income tax

Flat rate of 9% (11% for gross salaries exceeding average monthly salary)

Surtax on income tax

15% (paid to the municipality)

Real Estate Tax

A property tax is levied on real estate property in Montenegro.

The owner of the property, or the individual with rights to use the property, is liable to pay this tax. The tax is levied on the market value of the property at rates ranging from 0.25% to 1%. In some cases, property tax may be levied up to 5.5%.

* Disclaimer:
The information and forms provided do not constitute legal or tax advice. The information and forms provided are provided “as is” and without any assurance that the information is correct, complete or current or that the forms are appropriate for your uses. The facts and circumstances of each business person or company may be unique and the clients and customers are encouraged to seek legal or tax advice if they have questions of a legal or tax nature. Author is not accepting any responsibility for this text

Services provided in Montenegro

Company formation
Residence by company formation
Residence by investment

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