Taxes in Montenegro
Montenegro offers one of the most favourable taxation policies in Europe. Short summary on the existing taxes in Montenegro could be found in the table below:
| Tax | Rate | Subject of taxation, taxation base | |||||||
|---|---|---|---|---|---|---|---|---|---|
| VAT(1) | 21% | Commercial goods/services produced/provided
Imported goods Newly built and commissioned buildings and constructions(2) |
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| Corporate profit tax(3) |
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| Personal income tax | 15% | Income received by a natural person in Montenegro from employment, self-employment, real estate rent or lease , payments from 3rd parties, capital gains | |||||||
| Property ownership transfer tax | 3% | Price of real estate under sales contract/gift or donation deed | |||||||
| Annual property tax | 0,1-1% | Market value of the property estimated by the tax authorities based on statistical data and various coefficients | |||||||
1 Value Added Tax. Minimal threshold for registration as VAT payer – annual turnover of over 30,000 € p.a.
2 Paid by property developers
3 Capital gains are included into taxable income base
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