Montenegro dividend tax rateMay 2023
Dividends are considered personal income when shareholders are individuals and taxation is regulated by Personal Income Tax Law.
The same 9% tax rate is applied in this case.
Businessmen who want to open a company in Montenegro must know that same legal treatment is applied to non-resident and local entities.
Montenegro V.A.T. RiseJuly 2013
Starting July 1, 2013 the new standard V.A.T. rate in Montenegro is 19% compared to the previous 17% rate.
The government plans to increase its budget revenue by EUR 40 million following the V.A.T. rise.
There is also a reduced V.A.T rate of 7%.
Other major taxes in Montenegro remain unchanged.
The personal income tax rate generally 9% with higher 15% rate which applies to income exceeding EUR 720.
The corporate income tax rate in 2013 is 9% for domestic and foreign companies.
Capital gain of companies is generally added to the regular income with reductions and exemptions in certain cases.
Capital gain of individuals is 9%.
Social security contributions are 9.6% for employers and 24% for employees.
Montenegro Tax Rates 2012September 2012
There are no significant changes in the 2012 Montenegro tax rates compared to 2011.
The personal income tax rate and the corporate income tax rate for 2012 are flat at 9%.
The standard V.A.T. rate is 17%. There is also a reduced rate of 7%.
Montenegro Tax Update 2011July 2011
Capital gains from sale of real estate and shares is taxed at 9%.
Social security rates have been changed. An increase in the employee's share and a decrease in the employer's share.
Montenegro Tax Rates 2009September 2009
The individual income tax rate in 2009 is12%, compared to 15% in 2008.
The corporate income tax rate is 9%.
The standard V.A.T. rate in Montenegro is 17%.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
Please read our terms of service before entering this site.