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
Newly built and commissioned buildings and constructions(2)
|Corporate profit tax(3)||
|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
Need our assistance?
Contact us and we will be happy to help!