In Montenegro deductions and business expenses may be claimed as specified below:
Offset of losses: - A loss may be offset up to 5 years forward.
Newly founded enterprise performing production activities in less developed areas is exempt from paying the corporate tax for the first three tears of its business activities.
DEPRECIATION OF FIXED ASSETS
Depreciation of fixed assets in Montenegro includes assets that last more than one year, the value of which exceeds 200 Euro.
Fixed assets are divided into five groups, which are more precisely determined by the Minister of Finance.
